Every 2026 paycheck deduction, in one place

The 2025 federal tax law (the One Big Beautiful Bill Act) created new deductions for tips, overtime pay, and seniors, raised the SALT cap, and launched a federal savings account for newborns. Most tools calculate one of these at a time. This site estimates all of them together, shows you exactly how each number was computed, and links every figure to the IRS source.

Estimates only — not tax advice. All calculations run in your browser; nothing is sent to a server.

What changed for tax years 2025–2028

• Tips: deduct up to $25,000 of qualified tips if your occupation is on the IRS list. Phases out above $150,000 MAGI ($300,000 joint).
• Overtime: deduct up to $12,500 ($25,000 joint) of the overtime premium — the extra half-time portion, not your full overtime pay.
• Seniors 65+: an extra $6,000 deduction per person, phasing out above $75,000 MAGI ($150,000 joint).
• SALT: the state and local tax cap rose from $10,000 to $40,400 for 2026, with a phase-down above $505,000 (statutory amount — not yet confirmed in IRS 2026 forms).
• Child savings: newborns 2025–2028 receive a one-time $1,000 federal deposit; families can add up to $5,000 a year.

The tips, overtime, and senior deductions are scheduled to expire after 2028 under current law.

The $40,400 cap and $505,000 phase-down threshold for 2026 are the amounts written into the statute (Internal Revenue Code §164(b)(6), as amended by Public Law 119-21). The IRS has not yet published its 2026 Schedule A instructions confirming them — we will update this page when it does.

Calculators

• No Tax on Tips CalculatorEstimate your tips deduction — up to $25,000 for tipped workers in listed occupations.
• No Tax on Overtime CalculatorOnly the overtime premium counts. Estimate your deduction of up to $12,500 ($25,000 joint).
• Senior Deduction CalculatorThe extra $6,000 deduction for taxpayers 65 and older, with income phase-out.
• SALT Deduction CalculatorThe state and local tax cap rose from $10,000 to $40,400 for 2026 (statutory amount — not yet confirmed in IRS 2026 forms). See what you can deduct now.
• Child Savings SimulatorProject the new federal child account to age 18 and compare it with a 529 plan.
• Total Savings EstimatorEnter your numbers once and see every deduction you qualify for, together.

Why trust these numbers

Every limit and phase-out on this site is loaded from a dataset that records the IRS source and the date we last verified it. Each result card shows the full line-by-line math — the same steps as IRS Schedule 1-A. Read more on the About page.