Most People Are Wrong About Taxes in 2025 (Overtime, Tips, 1099s Explained)

Taxes stress everyone out—but they don’t have to.

In this episode of Off Market: Behind the Deals. Inside the Stories., I sit down with my personal tax preparer, Jack Giraud, owner of G3 Payroll Tax and Accounting LLC, to break down what actually changed for taxes in 2025 and what most people are completely misunderstanding.

We cover:
The truth about no tax on overtime & tips
What really changed with Social Security taxes
The child tax credit increase
What 1099 earners (especially real estate agents) should be doing right now
S-Corps, SEP IRAs, and legal ways to reduce your tax bill
Why filing extensions doesn’t delay what you owe
How to avoid penalties, interest, and IRS headaches

This isn’t internet speculation or headline clickbait. This is real-world tax strategy explained in plain English.

If you’re a W-2 employee, 1099 contractor, small business owner, or just someone tired of being confused every tax season—this episode is for you.

👇 Drop your questions in the comments.
📌 If you need help with taxes, Jack’s contact info is below.

Timestamps

00:00 – Start
01:05 – Why having a real tax pro matters
02:25 – Who Jack Giraud is & where he’s located
05:50 – What actually changed for taxes in 2025
06:45 – Overtime & tip tax rules (what headlines got wrong)
08:13 – How overtime deductions really work
10:40 – Social Security taxes explained simply
13:30 – Child tax credit increase (who qualifies)
14:45 – 1099 earners & S-Corps (who it actually makes sense for)
17:10 – High-yield savings for tax money (stop leaving money idle)
18:20 – SEP IRAs & retirement strategies that lower taxes
21:10 – What business owners miss about employee benefits
23:35 – Filing deadlines, extensions & penalties
25:30 – Quarterly payments & how to avoid IRS penalties
30:00 – New charitable deduction rule coming in 2026
32:30 – Final advice + how to contact Jack

If you’re a:

1099 worker
Small business owner
Real estate agent
Or someone tired of guessing every tax season
This episode is for you.

👇 Drop your questions below
📞 Want help? Contact Jack Giraud at 313-771-4900
📍 Offices in Taylor & Holt, Michigan