“OBBBA Falls Short on Casualty Reliefbut Yields a Small Win” To get my complete article with all the details… $80,000 uninsured loss. $0 tax deduction. Presidential disaster declaration required. Two calculations that eliminate deductions even when you qualify. One exception bypasses everything. No declaration needed. No deduction-killing calculations. Works … [Read more...]
Filing tips
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Are Your Tips Really Tax-Free Under the OBBBA?
Why Many Workers Won’t Benefit from the“No Tax on Tips” Law To get my complete article with all the details… The OBBBA’s new “No Tax on Tips” law sounds like a huge win for millions of service workers—but don’t celebrate just yet. While the law promises a break for tipped employees and self-employed workers, the reality is packed with fine print, phaseouts, and … [Read more...]
The IRS Just Published the Tips List—Are You On It?
68 Occupations Can Deduct$25,000 in Tips—Are You One? To get my complete article with all the details… The IRS just published the official list. 68 occupations. 8 industries. If you're on it, you qualify for the $25,000 tips deduction. If not, you're out. Some occupations make no sense. Others create legal conflicts. Jobs explicitly excluded by law … [Read more...]
Big Tax News: 100% Deductions Are Back (and Better Than Ever)
“OBBBA Restores and CreatesNew 100% Deductions for You, Now” To get my complete article with all the details… Thanks to the One Big Beautiful Bill Act (OBBBA), you and your businesses now have access to powerful, permanent tax deductions that could dramatically reduce your taxable income. Here’s what you need to know: 100% bonus depreciation restored and made … [Read more...]
No Tax on Overtime? Not Exactly—But It’s Still a Win
“No Tax on Overtime?Not Exactly—But It’s Still a Win” To get my complete article with all the details… The new One Big Beautiful Bill Act (OBBBA) delivers a fresh opportunity for overtime earners. Starting in 2025, you may be able to deduct up to $12,500 of qualified overtime income each year—or double that if you’re married and filing jointly. This new deduction … [Read more...]