One, Big, Beautiful Bill provisions – Individuals and workers

The One, Big, Beautiful Bill Act significantly affects federal taxes, credits and deductions. It was signed into law on July 4, 2025, as Public Law 119-21.

The following sections outline tax provisions for individuals and workers under the One, Big, Beautiful Bill, including available resources.

On this page

• Tax inflation adjustments

• Deduction for seniors

• No tax on tips

• No tax on overtime

• No tax on car loan interest

Tax inflation adjustments (Sections 70101, 70102, 70106, 70107, and 70401)

Deduction for seniors (Section 70103)

No tax on tips (Section 70201)

No tax on overtime (Section 70202)

No tax on car loan interest (Section 70203)