Several One Big Beautiful Bill Act tax cuts expire, including no-tax-on-tips and increased SALT deduction

Multiple temporary tax provisions from the One Big Beautiful Bill Act — signed July 4, 2025 — expire at the end of 2028 or 2029, including the no-tax-on-tips exemption, the no-tax-on-overtime exemption, and the increased SALT deduction cap. If Congress does not extend these provisions, affected workers and taxpayers will see their effective tax rates rise in 2029. CBO estimated that making all temporary OBBBA provisions permanent would add an additional $4.1 trillion to deficits over the next decade beyond the $4.1 trillion already scored for the law as written. The expiration cliff sets up a major congressional showdown before the 2028 presidential election.