Key Takeaways The "No Tax on Tips" deduction is a new provision for 2025, allowing eligible tipped workers to exclude a significant portion of their tips from their taxable income. New deductions for overtime pay and car loan interest offer targeted tax relief to working Americans and new vehicle buyers. The Clean Vehicle Tax Credit , including the used vehicle credit, is now scheduled to expire after September 30, 2025. The 2025 Tax Landscape: A Shift in Focus The tax landscape for 2025 is defined by targeted relief measures. While the core tax brackets and standard deduction amounts have been adjusted for inflation, the most significant changes come from the OBBBA, signed into law on July 4, 2025. This legislation introduces several new, time-limited deductions designed to provide financial relief to specific demographics, from tipped workers and seniors to those making sustainable lifestyle choices. The IRS has been busy releasing guidance to help both taxpayer...