Publication 531 has not been revised for tax year 2025

Publication 531 has not been revised for tax year 2025 as the product has transitioned to a continuous use product that is not updated yearly. As a result, the publication will not reflect any changes that resulted from P.L. 119-21, commonly known as the One Big Beautiful Bill Act, and its impact on the deductible nature of tip income.

Beginning in 2025, you may be eligible to take a deduction for qualified tips you received in 2025. The deduction is claimed on Schedule 1-A (Form 1040). See the Instructions for Schedule 1-A (Form 1040), which are included in the Instructions for Form 1040, for more information.