Overtime

December 11, 2025   |   2025
2025 Tips/Overtime Deduction “Cliff Notes” From Tax Newsletter with Updates

Tips/Overtime—IRS Notice 2025-69 2 2025-2028 Tax Years Tips: Must work in industry where Tipping is routine (e. g. Hair care) AND IRS specifies industry qualifies for Tip Deduction. Hyperlink lists industries and code numbers.  Tip is voluntary. Not subject to negotiation. Not “expected” or an arbitrary charge on customer bill. No additional service required for … 2025 Tips/Overtime Deduction “Cliff Notes” From Tax Newsletter with Updates

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December 11, 2025   |   2025
BBB Summarized Changes-From Christmas Tax Newsletter

Provisions affecting most individuals: Stealing the “Tax Cookies”: Employee Business Expense permanently repealed: No deductions for Union Dues, Safety Shoes, Railroader mileage etc. Ask employer about reimbursement. Self Employed can still deduct on business schedule. Clean Electric Vehicle Credit (plug in cars/trucks). Terminated September 2025. Home Energy Credit dies December 31, 2025. For Energy Star … BBB Summarized Changes-From Christmas Tax Newsletter

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