Kelly Phillips Erb from Forbes gives an explanation of how the One, Big, Beautiful Bill will implement its "no taxes on tips, overtime, and Social Security" provisions. Workers will be taxed on qualified tips and overtime throughout the year, but will be able to take a deduction when they file. Workers are still required to pay their portion of payroll taxes (FICA). Although relatively few Social Security recipients pay taxes on their benefits, a deduction is available for those whose "combined income exceeds the base amount for [their] filing status." Forbes does not score high on factual reporting, but this source does a good job of providing context.
See also: Very Few Workers Will Actually Benefit from "No Tax on Tips"
