Schedule 1-A Tip Deduction Phaseout Explained and Example | No Tax on Tips (2025)
Автор: Winrow Tax Services
Загружено: 2026-01-25
Просмотров: 81
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This video explains how the Schedule 1-A “No Tax on Tips” deduction phases out at higher income levels. Using a clear numeric example, I show how to calculate the reduction, including the $1,000 income increments and $100 reduction rule, and how the final allowed deduction is determined.
This video focuses only on the phaseout math for the tips deduction. For a full, no-phaseout walkthrough of Schedule 1-A, see the complete walkthrough video linked in the description.
#taxes #taxdeductions #tax2025 #taxpreparation
About Brian Winrow
Brian Winrow is a tax attorney and educator with extensive experience in taxation, accounting, and business. He holds a J.D., LL.M. in Taxation, DBA, MAcc, and MBA, and is licensed to practice before the U.S. Tax Court. He also maintains active professional certifications in taxation and fraud examination. Brian teaches undergraduate and graduate-level tax and accounting courses and focuses on making complex tax concepts easy to understand. He is the founder of Winrow Tax Services, where he works with individuals and businesses on a wide range of tax matters.
If you're interested in working with Brian or learning more about his tax practice, you can visit Winrow Tax Services at www. winrowtax.com.
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Leave them in the comments! I post regular tax education videos designed to make difficult concepts simple and accessible. If you are seeking to become a client, please direct your questions to [email protected] as opposed to leaving them in the comments.
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