IRS clarifies new deductions for tips and overtime starting in 2025
Treasury and the IRS explain how workers can claim new deductions for qualified tips and overtime compensation beginning with the 2025 tax year.
Notes and perspectives on accounting, audit readiness, internal controls, tax issues, and practical business finance—written for clarity, not hype.
Brief educational videos covering current tax topics and practical financial guidance for individuals and small businesses.
Brief educational articles on tax topics and practical financial guidance for individuals and small businesses.
Treasury and the IRS explain how workers can claim new deductions for qualified tips and overtime compensation beginning with the 2025 tax year.
A simple checklist for cleaning up records, documenting support, and reducing surprises before an audit, review, or lender request.