Artículo Tips.. Tips.

id="en_US_2025_publink1000154151"> Tips. You may be eligible to take a deduction for qualified tips paid to you in 2025. You can’t deduct more than $25,000 of those tips. Your deduction will be limited if your modified adjusted gross income is more than $150,000 ($300,000 if married filing jointly). To be eligible, you and/or your spouse who received the tips must have a valid SSN. If you are married, you must file a joint return. Transporting school children. Don’t include in your income a school board mileage allowance for taking children to and from school if you aren’t in the business of taking children to school. You can’t deduct expenses for providing this transportation. Union benefits and dues. Amounts deducted from your pay for union dues, assessments, contributions, or other payments to a union can’t be excluded from your income. Strike and lockout benefits. Benefits paid to you by a union as strike or lockout benefits, including both cash and the fair market value of other property, are usually included in your income as compensation. You can exclude these benefits from your income only when the facts clearly show that the union intended them as gifts to you. Utility rebates. If you’re a customer of an electric utility company and you participate in the utility's energy conservation program, you may receive on your monthly electric bill either: A reduction in the purchase price of electricity furnished to you (rate reduction), or A nonrefundable credit against the purchase price of the electricity. The amount of the rate reduction or nonrefundable credit isn’t included in your income. 9. Individual Retirement Arrangements (IRAs) What’s New Modified adjusted gross income (AGI) limit for traditional IRA contributions. For 2025, if you are covered by a retirement plan at work, your deduction for contributions to a traditional IRA is reduced (phased out) if your modified AGI is: More than $126,000 but less than $146,000 for a married couple filing a joint return or a qualifying surviving spouse, More than $79,000 but less than $89,000 for a single individual or head of household, or Less than $10,000 for a married individual filing a separate return. If you either live with your spouse or file a joint return, and your spouse is covered by a retirement plan at work but you aren’t, your deduction is phased out if your modified AGI is more than $236,000 but less than $246,000. If your modified AGI is $246,000 or more, you can’t take a deduction for contributions to a traditional IRA. See How Much Can You Deduct , later. Modified AGI limit for Roth IRA contributions. For 2025, your Roth IRA contribution limit is reduced (phased out) in the following situations. Your filing status is married filing jointly or qualifying surviving spouse and your modified AGI is at least $236,000. You can’t make a Roth IRA contribution if your modified AGI is $246,000 or more. Your filing status is single, head of household, or married filing separately and you didn’t live with your spouse at any time in 2025 and your modified AGI is at least $150,000. You can’t make a Roth IRA contribution if your modified AGI is $165,000 or more. Your filing status is married filing separately, you lived with your spouse at any time during the year, and your modified AGI is more than zero. You can’t make a Roth IRA contribution if your modified AGI is $10,000 or more. See Can You Contribute to a Roth IRA , later. 2026 modified AGI limits. You can find information about the 2026 contribution and AGI limits in Pub. 590-A. Reminders Contributions to both traditional and Roth IRAs. For information on your combined contribution limit if you contribute to both traditional and Roth IRAs, see Roth IRAs and traditional IRAs , later. Statement of required minimum distribution. If a minimum distribution from your IRA is required, the trustee, custodian, or issuer that held the IRA at the end of the preceding year must either report the amount of the required minimum distribution to you, or offer to figure it for you. The report or offer must include the date by which the