What changed under the One Big Beautiful Bill Act?
For tax years 2025 through 2028, three new above-the-line federal deductions are available — meaning you can claim them even if you take the standard deduction:
- Car loan interest — up to $10,000/year on new US-assembled personal vehicles (phase-out above $100k/$200k MAGI).
- Overtime premium pay — up to $12,500/$25,000 of the FLSA "half" premium (phase-out above $150k/$300k MAGI).
- Qualified tips — up to $25,000 of voluntary tips in tip-customary occupations (same phase-out thresholds).
Each calculator explains eligibility in plain English, applies the caps and income phase-outs, and estimates your federal savings at your marginal tax rate. All estimates use current IRS brackets and standard deductions for 2025 and 2026. These deductions are temporary — they expire after tax year 2028 unless Congress extends them.
Why use KeepMyPay?
Every calculator here runs instantly in your browser with nothing to install and nothing tracked beyond standard ads. The tax tools are rebuilt each year from primary sources — IRS revenue procedures, the SSA wage base announcement, and the Tax Foundation's state bracket survey — and each page shows its sources and assumptions so you can check the math yourself.