Your W-2 Won't List This New Overtime Deduction

Most people assume their W-2 tells the full story, but for 2025, that's not true. The new "No Tax on Overtime" deduction may apply if it doesn't show up on your W-2, and missing it could mean paying more tax than you should. In this video, I break down who qualified, how the deduction really works, and the steps you need to take to make sure you don't leave this tax deduction on the table.

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Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks.