A full-time NJ restaurant worker earning $40,000 base salary and $20,000 in tips could deduct all of their tips. If they also pull in $10,000 in overtime during the year, they’re nearly maxing out both deductions. At a 22% tax rate, that’s potentially $7,700 in federal tax savings.

Tax write-offs included in the massive bill would deliver on promises Trump made on the campaign trail—but only for a few years. On Tuesday, the Senate narrowly passed President Donald Trump’s One Big Beautiful Bill Act with a 50-50 vote—with Vice President JD Vance breaking the tie—to get the legislation across the finish line after an all-night session.