Wait… Tips & Overtime Aren’t Taxed Now? The Truth Explained скачать в хорошем качестве

Wait… Tips & Overtime Aren’t Taxed Now? The Truth Explained

In this video, CPA Todd Cox explains a new bill that includes a tax exclusion for overtime and tips — and clears up the confusion. This does not mean no tax. Instead, there are specific caps and eligibility rules that determine how much can be excluded. Todd covers: • The exclusion caps ($12,500 for overtime per SSN and up to $25,000 in tips for married couples filing jointly) • Why income must still be fully reported first • How only the extra overtime premium qualifies • Which industries are eligible — and who is excluded • Why proper documentation is critical to avoid IRS issues • How this change could help tip-dependent earners qualify for a mortgage If you earn overtime or rely on tips, this conversation is essential to understand what applies to you and what doesn’t. Have tax questions? Text “Todd” to 702-203-1165 for more information. #LasVegasRealEstateNOW #LVRealEstate #Taxes #TaxOnTips #LasVegas #RealEstateRadio #RadioShow Facebook:   / lvrealestateradio   Twitter:   / lvreradio   LinkedIn:   / lvrealestateradio   Instagram:   / lvrealestateradio   TikTok:   / lvrealestateradio   SoundCloud:   / lvrealestateradio   Website: https://www.lvrealestateradio.com