15/01/2026
Good Evening all. Wanted to give everyone a heads up on the Overtime Deduction Rule. If you W2 does not list the QOC (Qualified Overtime Compensation) on it (in box 12 most likely) or the employer does not give you a breakdown of it, you will need to print your final Check Stub for 2025 so that we can calculate the figure we need for the deduction......
Also, for any of my Barbers / Hair Dresser clients that are self employed and do not get a W2 or 1099, you need to separate your tips from your totals so that you can take the NO TAX ON TIPS deduction as well.
See you all soon