President Donald Trump's "no tax on tips" deduction offers financial planning opportunities for some workers. But it's too soon to execute those strategies, experts say.

Enacted via Trump's "big beautiful bill," the "no tax on tips" provision allows certain workers to deduct up to $25,000 in "qualified tips" per year from 2025 through 2028.

The U.S. Department of the Treasury in August released an early list of 68 occupations that "customarily and regularly received tips" as of year-end 2024. But some of those jobs ultimately may not qualify .

If your occupation appears in the preliminary list, "my big recommendation right now is to not make any major moves," said Thomas Gorczynski, a Tempe, Arizona-based enrolled agent, which is a tax license to practice before the IRS.

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