Hot IRS Update: No Tax on Overtime 💰
Big news most workers are still missing 👇
Under the One Big Beautiful Bill Act, you can now deduct:
✔️ Up to $12,500 (individuals)
✔️ Up to $25,000 (joint filers)
📅 Applies for tax years 2025–2028
👉 Meaning it impacts your 2025 return due April 15
What you should do NOW:
• Check your W-2 (Box 1 taxable wages)
• Verify overtime is correctly reported
• File Schedule 1-A to claim your deduction
⚠️ Important: IRS flagged errors in overtime reporting by employers — don’t skip checking your W-2!
At Mukesh Thakur, we’re reviewing W-2s to catch these mistakes before it’s too late.
💬 Got questions? DM us anytime.
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