The One Big Beautiful Bill made several business deductions permanent and introduced new ones for gig economy workers. Find out how these changes could increase your refund.
• No Tax on Tips: Workers in tip-earning occupations can deduct qualified tips received. Phases out for income over $150,000.
• Auto Loan Interest Deduction: Interest paid on loans for personal vehicle purchases (originated after December 31, 2024) may be deductible. Phases out for income over $100,000.
• Qualified Business Income Deduction made permanent: The 20% deduction for pass-through business income has been made permanent.
Important: These are brand-new deductions that require new forms and documentation. At Matilde's Income Tax, we are fully up to date on these changes and can make sure you claim every deduction you're entitled to. Schedule your free consultation today." data-es="La Ley One Big Beautiful Bill, promulgada el 4 de julio de 2025, incluye nuevos beneficios fiscales significativos para los trabajadores independientes y de la economía digital — un segmento grande y creciente de la fuerza laboral latina.
Nuevas deducciones disponibles para 2025:
• Sin Impuesto en Horas Extra: Las personas pueden deducir la porción "media" del pago de horas extra hasta $12,500 por año ($25,000 para declarantes conjuntos). Se elimina gradualmente para ingresos superiores a $150,000.
• Sin Impuesto en Propinas: Los trabajadores en ocupaciones con propinas pueden deducir las propinas calificadas recibidas.
• Deducción de intereses de préstamo de automóvil: Los intereses pagados en préstamos para vehículos personales (originados después del 31 de diciembre de 2024) pueden ser deducibles.
• Deducción de Ingresos Comerciales Calificados permanente: La deducción del 20% para ingresos de negocios pass-through se ha hecho permanente.
Importante: Estas son deducciones completamente nuevas que requieren nuevos formularios y documentación. En Matilde's Income Tax estamos completamente actualizados sobre estos cambios. Agenda tu consulta gratuita hoy.">The One Big Beautiful Bill Act, signed on July 4, 2025, includes significant new tax benefits for self-employed individuals and gig economy workers — a large and growing segment of the Latino workforce.
New deductions available for 2025:
• No Tax on Overtime: Individuals may deduct the "half" portion of overtime pay (time-and-a-half) up to $12,500 per year ($25,000 for joint filers). Phases out for income over $150,000.
• No Tax on Tips: Workers in tip-earning occupations can deduct qualified tips received. Phases out for income over $150,000.
• Auto Loan Interest Deduction: Interest paid on loans for personal vehicle purchases (originated after December 31, 2024) may be deductible. Phases out for income over $100,000.
• Qualified Business Income Deduction made permanent: The 20% deduction for pass-through business income has been made permanent.
Important: These are brand-new deductions that require new forms and documentation. At Matilde's Income Tax, we are fully up to date on these changes and can make sure you claim every deduction you're entitled to. Schedule your free consultation today.
• Auto Loan Interest Deduction: Interest paid on loans for personal vehicle purchases (originated after December 31, 2024) may be deductible. Phases out for income over $100,000.
• Qualified Business Income Deduction made permanent: The 20% deduction for pass-through business income has been made permanent.
Important: These are brand-new deductions that require new forms and documentation. At Matilde's Income Tax, we are fully up to date on these changes and can make sure you claim every deduction you're entitled to. Schedule your free consultation today." data-es="La Ley One Big Beautiful Bill, promulgada el 4 de julio de 2025, incluye nuevos beneficios fiscales significativos para los trabajadores independientes y de la economía digital — un segmento grande y creciente de la fuerza laboral latina.
Nuevas deducciones disponibles para 2025:
• Sin Impuesto en Horas Extra: Las personas pueden deducir la porción "media" del pago de horas extra hasta $12,500 por año ($25,000 para declarantes conjuntos). Se elimina gradualmente para ingresos superiores a $150,000.
• Sin Impuesto en Propinas: Los trabajadores en ocupaciones con propinas pueden deducir las propinas calificadas recibidas.
• Deducción de intereses de préstamo de automóvil: Los intereses pagados en préstamos para vehículos personales (originados después del 31 de diciembre de 2024) pueden ser deducibles.
• Deducción de Ingresos Comerciales Calificados permanente: La deducción del 20% para ingresos de negocios pass-through se ha hecho permanente.
Importante: Estas son deducciones completamente nuevas que requieren nuevos formularios y documentación. En Matilde's Income Tax estamos completamente actualizados sobre estos cambios. Agenda tu consulta gratuita hoy.">The One Big Beautiful Bill Act, signed on July 4, 2025, includes significant new tax benefits for self-employed individuals and gig economy workers — a large and growing segment of the Latino workforce.
New deductions available for 2025:
• No Tax on Overtime: Individuals may deduct the "half" portion of overtime pay (time-and-a-half) up to $12,500 per year ($25,000 for joint filers). Phases out for income over $150,000.
• No Tax on Tips: Workers in tip-earning occupations can deduct qualified tips received. Phases out for income over $150,000.
• Auto Loan Interest Deduction: Interest paid on loans for personal vehicle purchases (originated after December 31, 2024) may be deductible. Phases out for income over $100,000.
• Qualified Business Income Deduction made permanent: The 20% deduction for pass-through business income has been made permanent.
Important: These are brand-new deductions that require new forms and documentation. At Matilde's Income Tax, we are fully up to date on these changes and can make sure you claim every deduction you're entitled to. Schedule your free consultation today.
Original Source
IRS.gov / Bipartisan Policy Center
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