Tax year 2026
No Tax on Tips and Overtime Calculators
For 2025–2028, workers can deduct up to $12,500 of qualified overtime ($25,000 joint) and up to$25,000 of qualified tips from federal taxable income. These free calculators read the numbers on your 2026 W-2 or 1099 and show your deduction and estimated tax saved. Everything runs in your browser.
Calculators
- No tax on overtime calculatorW-2 code TT or an hours estimate, cap, phase-out and tax saved.
- No tax on tips calculatorW-2 code TP, box 14b and 1099 tips, with the net-profit limit.
- No tax on tips and overtimeBoth deductions side by side, with a combined calculator.
- W-2 box 12 code TTWhat code TT means, and what to do if it is missing or wrong.
Guides
- W-2 code TP and box 14bCash tips reported to your employer and your occupation code.
- No tax on tips for gig drivers1099-K and 1099-NEC tips, the net-profit limit, and SE tax.
- IRS tipped occupations listAll 71 Treasury Tipped Occupation Codes, searchable.
- Schedule 1-A guidePart II (tips) and Part III (overtime), line by line.
- Double time and state overtimeDouble time, daily overtime, contracts: what counts.
Estimates of federal income tax only, not tax advice. Social Security, Medicare and state taxes are not reduced. Maintained by the WattFlow team.