OBBBA 2026 Tax Breaks Implementation

First-year results show 29M overtime claims, 7.5M tip deductions, 35M seniors, 40M CTC families, $82B total relief. Key deductions with complex rules (overtime caps, tip occupation list, auto-loan interest) are being applied. New detail: auto-loan interest deduction excludes leases and vehicles first used by someone else; assembly location and original-use rules critical. AGI phase-out for tip deduction unresolved. CBPP analysis highlights 19M children missing full CTC due to refundable cap.