No Tax on Tips & Overtime in 2026 — Here's How to Claim It Do This Now! скачать в хорошем качестве

No Tax on Tips & Overtime in 2026 — Here's How to Claim It Do This Now!

The One Big Beautiful Bill just passed — no federal tax on tips, no federal tax on overtime, plus a new $4,000 senior deduction and car loan interest break. Sounds incredible, but most people will mess up the reporting on new IRS Schedule 1-A and leave thousands on the table (or trigger an audit). Tax season 2026 is LIVE — here's exactly how to claim these tax breaks legally and maximize your refund. In This Video: • What qualifies as tax-free tips under the new IRS rules (and what doesn't count — avoid this mistake!) • How tax-free overtime works — who qualifies, how your W-2 must break it out, and why you need a corrected W-2 NOW • Line-by-line walkthrough of new IRS Schedule 1-A — exactly how to report tips, overtime, senior deduction, and car loan interest • The $4,000 senior citizen deduction explained — who gets it, how to claim it, and why it stacks with your standard deduction • Car loan interest deduction (up to $2,500) — what counts, documentation you need, and why this won't change your life • Real examples with actual numbers — how much you'll save based on your income and tax bracket • My CPA advice: How to invest your tax savings to actually build wealth (don't just spend your refund!) • The 5 biggest mistakes people are making right now — and how to avoid IRS audits • Why you need to update your W-4 withholding immediately for 2026 • The truth about state taxes — these federal breaks might not apply to your state income tax • The Great Melt-Up reality check — why this tax break is a band-aid on a much bigger inflation problem 📍 TIMESTAMPS 0:00 - URGENT: New IRS Schedule 1-A & One Big Beautiful Bill Explained 1:45 - No Tax on Tips: What Qualifies & What Doesn't (IRS Publication 531 Rules) 5:20 - The Underreporting Problem: Why You Can Only Claim Tips You Actually Reported 7:10 - No Tax on Overtime: Who Qualifies & the W-2 Breakdown You MUST Have 10:30 - Real Example: Nurse Making $60K + $18K Overtime — How Much You Actually Save 13:00 - IRS Schedule 1-A Line-by-Line Walkthrough (Exactly How to Fill It Out) 17:15 - Senior Citizen $4,000 Deduction: Who Gets It & How It Stacks with Standard Deduction 20:40 - Car Loan Interest Deduction (Up to $2,500): Rules, Documentation & Realistic Savings 23:50 - My CPA Advice: Invest Your Tax Savings in Roth IRA, 401k & Inflation-Protected Assets 27:30 - Strategy: Should You Work MORE Overtime in 2026 While It's Tax-Free? 29:40 - 5 Critical Mistakes to Avoid (Reclassifying Wages, Missing Documentation, Self-Employment Confusion) 33:20 - State Tax Warning: Most States Haven't Conformed to Federal Rules Yet 35:50 - The Great Melt-Up: Why This Tax Break Won't Save You from Inflation & Currency Debasement 38:10 - Action Steps: What to Do Right Now (Update W-4, Gather Documents, File Early) 40:30 - Conclusion & Final Advice 🔗 RESOURCES 📘 Get My Book on Amazon: https://www.amazon.com/dp/B0DSLT8SRZ Spanish Version (Español): https://www.amazon.com/dp/B0F2GTZY7T 📄 IRS Publication 531 (Tips Income): https://www.irs.gov/publications/p531 📄 IRS Schedule 1-A Instructions: https://www.irs.gov/forms-pubs 💼 ClearValue Tax Official Website: ⚠️ LEGAL DISCLAIMER This is a fan-made channel dedicated to preserving and sharing the wisdom, ideas, and perspectives of Brian Kim, CPA. All content is created for educational, inspirational, and entertainment purposes. AI Technology Disclosure: This channel uses advanced AI technology including synthesized voice and digital recreation to make Brian Kim's insights and communication style accessible to a global audience. The voice, image, and persona are recreated through AI based on publicly available content, interviews, CPA educational materials, published works, and documented public appearances from ClearValue Tax. Standard ClearValue Tax Disclaimer: ClearValue Tax and affiliates do not provide tax, legal, or accounting advice. This material is for informational purposes only and should not be relied upon for tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction. Legal Disclosure: I'm not a financial advisor. The information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any investment or financial strategies shown should not be considered "investment recommendations." 🔥 PRIMARY & NICHE HASHTAGS (First 30 - Highest Priority): #BrianKim #ClearValueTax #Schedule1A #NoTaxOnTips #NoTaxOnOvertime #TaxSeason2026 #IRSUpdate2026 #TaxStrategy #FinancialFreedom #TaxDeductions #OneBigBeautifulBill #2026TaxLaw #CPAAdvice #TaxRefund2026 #OvertimeTaxFree #TipsTaxFree #SeniorTaxDeduction #CarLoanInterest #IRSSchedule1A #HowToFileTaxes #TaxSavings #W2Employees #RetirementPlanning #RothIRA #401k #InflationProtection #TheGreatMeltUp #WealthBuilding #PersonalFinance #InvestingForBeginners