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Trump Tax Update! Understanding No Tax on Tips and Overtime Deductions and how to apply them
Автор: FreeTaxAdvice
Загружено: 2026-01-06
Просмотров: 54
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In this video, I walk you through the new provisions for No Tax on Tips and No Tax on Overtime, which are coming into play this tax season. I highlight the changes in the 2024 and 2025 tax forms and explain how to properly report your tips and overtime on the new Schedule 1A. It's crucial to gather your pay stubs and any records of overtime worked to ensure you're not leaving money on the table. Additionally, I touch on the Enhanced Deduction for Seniors, which can provide an extra $6,000 deduction if under the AGI threshold. Please make sure to check line 13B on your tax forms to confirm you're receiving all the deductions you're entitled to.
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