Money & Magic
No Tax on Tips & Overtime? What It Really Means (Plus the New Senior Deduction) Host Chey, Remote Bookkeeper and Judgment Free Money Coach explains key parts of Trump’s “big, beautiful bill” being asked about during tax season, focusing on how the changes work as deductions that reduce federal taxable income rather than making income tax-free. The episode covers the temporary “no tax on tips” provision for tax years 2025–2028, the “no tax on overtime” deduction and explains a new additional senior deduction starting in 2025. 01:38 No Tax on Tips Explained 05:20 No Tax on Overtime 07:50 Senior Extra Deduction Buy Me a Coffee [https://www.buymeacoffee.com/Witchybookkeeper] Connect with me on Instagram and TikTok @witchybookkeeper Learn more about how we can work together by visiting my website [https://abundancealchemy.co/]Check out my Money Alchemy 101 course HERE [http://abundancealchemyacademy.teachable.com/p/money-alchemy-101]
34 episodios
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