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139 STAT. 173 PUBLIC LAW 119–21—JULY 4, 2025 occupation described in section 224(d)(1) of the person receiving such tips.’’. (3) RETURNS RELATING TO THIRD PARTY SETTLEMENT ORGANIZATIONS.— (A) STATEMENT FURNISHED TO SECRETARY.—Section 6050W(a) is amended by striking ‘‘and’’ at the end of para- graph (1), by striking the period at the end of paragraph (2) and inserting ‘‘and’’, and by adding at the end the following new paragraph: ‘‘(3) in the case of a third party settlement organization, the portion of reportable payment transactions that have been reasonably designated by payors as cash tips and the occupation described in section 224(d)(1) of the person receiving such tips.’’. (B) STATEMENT FURNISHED TO PAYEE.—Section 6050W(f)(2) is amended by inserting ‘‘(including a separate accounting of any such amounts that have been reasonably designated by payors as cash tips and the occupation described in section 224(d)(1) of the person receiving such tips)’’ after ‘‘reportable payment transactions’’. (4) RETURNS RELATED TO WAGES.—Section 6051(a) is amended by striking ‘‘and’’ at the end of paragraph (16), by striking the period at the end of paragraph (17) and inserting ‘‘, and’’, and by inserting after paragraph (17) the following new paragraph: ‘‘(18) the total amount of cash tips reported by the employee under section 6053(a) and the occupation described in section 224(d)(1) such person.’’. (g) CLERICAL AMENDMENT.—The table of sections for part VII of subchapter B of chapter 1 is amended by redesignating the item relating to section 224 as relating to section 225 and by inserting after the item relating to section 223 the following new item: ‘‘Sec. 224. Qualified tips.’’. (h) PUBLISHED LIST OF OCCUPATIONS TRADITIONALLY RECEIVING TIPS.—Not later than 90 days after the date of the enactment of this Act, the Secretary of the Treasury (or the Secretary’s dele- gate) shall publish a list of occupations which customarily and regularly received tips on or before December 31, 2024, for purposes of section 224(d)(1) of the Internal Revenue Code of 1986 (as added by subsection (a)). (i) WITHHOLDING.—The Secretary of the Treasury (or the Sec- retary’s delegate) shall modify the procedures prescribed under section 3402(a) of the Internal Revenue Code of 1986 for taxable years beginning after December 31, 2025, to take into account the deduction allowed under section 224 of such Code (as added by this Act). (j) EFFECTIVE DATE.—The amendments made by this section shall apply to taxable years beginning after December 31, 2024. (k) TRANSITION RULE.—In the case of any cash tips required to be reported for periods before January 1, 2026, persons required to file returns or statements under section 6041(a), 6041(d)(3), 6041A(a), 6041A(e)(3), 6050W(a), or 6050W(f)(2) of the Internal Revenue Code of 1986 (as amended by this section) may approxi- mate a separate accounting of amounts designated as cash tips by any reasonable method specified by the Secretary. Time periods. 26 USC 6041 note. 26 USC 45B note. Procedures. Effective date. 26 USC 3402 note. Deadline. 26 USC 224 note. 26 USC prec. 211.