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New Federal Spending Law Will Bring Changes to Taxes on Tips and Overtime

NORTHEAST IOWA, JUL 30 – Small businesses in Northeast Iowa expect the new tax exemptions on tips and overtime to improve employee recruitment and retention amid rising living costs.

Summary by 13 News Now
People who earn tips and overtime wages will be able to get a new deduction, but a tax expert says workers should plan now to get the most back next year.

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foxync.com broke the news in on Tuesday, July 29, 2025.
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