(NEXSTAR) — Among the multiple provisions within the bill President Donald Trump signed last week are several that could directly impact you, like changes to the child tax credit, a tax deduction for seniors, and no taxes on overtime pay.

Another aspect that could put more money in your pocket will depend on where you work — and how you're paid.

If you receive tipped wages, up to $25,000 will be tax deductible starting this year and running through 2028. The maximum deduction is available to those who have an income of $150,000 or less, or up to $300,000 for those filing jointly.

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