The new tax law saves you
$0
Add tips, overtime, kids or itemized deductions to see what applies
| Change | You save | Details |
|---|---|---|
| No tax on tips | — | Applies if you earn tips in a tipped occupation. |
| No tax on overtime | — | Applies to the premium part of FLSA overtime. |
| Car loan interest deduction | — | New US-assembled personal vehicle, loan taken out after 2024. |
| Extra deduction for seniors | — | Up to $6,000 per person aged 65 or older. |
| Bigger child tax credit | — | Applies per child under 17. |
| Higher SALT deduction cap | — | Cap is $40,400 (was $10,000), phased down above $505,000 of income — helps only if you itemize. |
Estimates for education, not financial advice.2026 tax law changes checker by Numlight ↗