Michael Ryan's side defeated Waterford by 5-19 to 0-13 in the provincial decider at the Gaelic Grounds, Limerick.
John McGrath – who was making his Munster final debut – had a huge impact on the match.
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The Loughmore-Castleiney racked up 3-2 of his team's tally and played a huge part in propelling Tipp in next month's All-Ireland semi-finals.
Seamus Callanan also displayed his scoring prowess, registering 1-11.
Tipp's other goal was scored by Michael Breen.
Waterford made the brighter start with Patrick Curran and Austin Gleeson getting points.
However, the Premier fought back and led 1-7 to 0-8 by the break.
