President Trump signed into law the One Big Beautiful Bill Act, a budget reconciliation law likely to impact many civic, economic, and commercial areas across the United States. For businesses, the effects will be significant: the Act makes permanent tax breaks from 2017's Tax Cuts and Jobs Act and allows companies new write-offs for equipment,

The bill extends portions of the Tax Cuts and Jobs Act, provides deductions to eliminate income taxes on certain tips and overtime pay, and addresses other tax priorities of the Trump administration.

Congress passed the tax cut and spending megabill with President Trump's legislative priorities which includes new tax exemptions for tipped hourly workers. But how will it work?