No Tax On Tips? Here's The Catch!

Is “No Tax on Tips” really as good as it sounds—or just clever marketing?

📞Schedule a 1-on-1 call:
➡️https://joshkatzcpa.com/?utm_source=y...

In this new video, I break down what the new No Tax on Tips law actually means, who qualifies, and how much it really saves you. Spoiler: it’s not a tax-free paycheck — it’s a tax deduction you’ll see months later when you file your return. I also cover the $25,000 deduction limit, which jobs qualify, how married couples are affected, and the hidden taxes (Social Security, Medicare, and state) that still apply.

So before you celebrate your “tax-free” tips, ask yourself: will this law really put more cash in your pocket?


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00:00 – What “No Tax on Tips” really means
00:33 – Who actually qualifies (and who doesn’t)
01:10 – What counts as a qualified tip
02:04 – Why performing artists don’t qualify
03:06 – The 3 key takeaways for tipped workers

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I’m Josh Katz, CPA and founder of Universal Tax Professionals.

For over a decade, I’ve worked with small business owners who are great at what they do—but need a little help keeping the books clean and the finances running smoothly. If you’ve ever stared at a profit and loss sheet wondering what it means, or felt lost trying to manage cash flow, you're not alone—and that’s exactly why I started this channel.

In this channel, I share simple, no-fluff advice on bookkeeping, tax deductions, understanding tax returns, and making sense of small business accounting—so you can focus more on running your business and less on stressing about the numbers!

Got questions or need hands-on help?
📞Contact us: https://joshkatzcpa.com/?utm_source=y...

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