Taxpayers preparing to file their 2025 returns may see new deductions and benefits under recently updated federal tax law, according to a statement from Rep. Claudia Tenney.
Tenney said the Internal Revenue Service has released guidance explaining how new provisions under the Trump-era tax cuts apply for the upcoming filing season.
According to the IRS guidance cited by Tenney’s office, eligible workers may deduct up to $25,000 in qualified tips and up to $12,500 in eligible overtime pay. Higher limits apply to joint filers.
The provisions also include additional relief for seniors and continue policies aimed at supporting small businesses and working families, Tenney’s office said.
“Hardworking Americans deserve a tax code that rewards work instead of punishing it, and the Trump Tax Cuts deliver exactly that,” Tenney said. “Service workers who rely on tips, employees who put in overtime hours, seniors living on fixed incomes, and small business owners across NY-24 now have real opportunities to keep more of their hard-earned money.”
She encouraged constituents to review IRS guidance to understand how the changes apply to their individual tax situations and to ensure they file accurately.
The IRS has published detailed materials outlining eligibility requirements and how the provisions affect tax returns for the 2025 tax year.
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