No Tax on Overtime: OBBBA Overtime and Tips Tax Deduction Guide 2025-2028

Byadmin 03/30/202603/30/2026

Can I deduct overtime pay from my federal taxes under the new law? Yes — the One, Big, Beautiful Bill Act (OBBBA) created an overtime tax deduction worth up to $12,500 for individuals ($25,000 joint filers) for qualifying FLSA overtime earned from 2025 through 2028. A separate tips deduction of up to $25,000 is also…

A clean and modern illustration showing a business storefront labeled 'S Corp'. A river of dollar signs flows from the store, splitting into two streams. One smaller stream labeled 'Salary' flows past a toll booth labeled 'Payroll Tax'. A much larger stream labeled 'Distributions' flows directly into a piggy bank, bypassing the toll booth completely. The style should be friendly, clear, and optimistic, with a simple color palette of green, gold, and white.

Tax

Is an S Corp Right for You? A Complete Breakdown of Tax Benefits

Byadmin 10/20/202510/20/2025

S Corp Explained: Your Ultimate Guide to Slashing Small Business Taxes. Discover how the S Corp election can save you thousands on payroll taxes, why you’re taxed on money you haven’t touched, and the strategies to legally keep more of your hard-earned profit. Have you ever looked at the money in your business bank…