Tax on Tips? How Does it Work in 2026?
Автор: Lemman Tax Accountant
Загружено: 2026-01-27
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Starting in 2025, overtime income may be exempt from federal income tax — but only under specific conditions, and only if it’s documented correctly.
In this video, we explain:
• What the “no tax on overtime” rule actually means
• Who qualifies and who does not
• The $25,000 limit and income phaseouts
• Why your 2025 W-2 may not show enough detail
• What paperwork your tax preparer will need
Important note: This exemption applies only to *income tax*. Social Security and Medicare taxes still apply.
If you work overtime or employ people who do, this is something you need to understand before filing.
If you have questions or want professional guidance, I’m happy to help.
Lemman Tax Accountant
Phone: 480-580-9876
Or visit: https://lemmantax.com/
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