Tips Deduction Estimator
Estimate your qualified tips and the allowed deduction for tax year 2025 (MAGI-based phaseout applied).
Final allowed deduction
$0
Summary
Note: This calculator applies the MAGI-based phaseout for 2025 — phases from $150,000 to $400,000 for your filing status. The deduction cap ($25,000) is applied first, then reduced by $100 for each $1,000 (rounded down) your MAGI exceeds the phaseout start, up to the phaseout end. These are federal-income deductions only; payroll taxes and state treatment may differ.
These calculators provide estimates for general planning and are for informational purposes only. They are not a substitute for professional tax advice; consult a qualified tax professional for guidance specific to your circumstances.