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10/28/2026

The overtime tax deduction doesn’t cover your whole overtime pay. It covers the premium part only. If you’re paid time and a half, the “half” is the premium. That’s the portion that may be deductible.

Example: you earn $30/hour and work 100 overtime hours. You’re paid $45/hour for those hours, $4,500 total. The deductible premium is $15 × 100 = $1,500, not $4,500.

What else to know:

1. Maximum deduction: 12,500(25,000 for joint filers)
2. It starts phasing out above 150,000income(300,000 for joint filers)
3. Only overtime required by federal law (FLSA) counts
4. It lowers federal income tax only. Social Security and Medicare taxes still apply to all of your overtime pay.

Check your pay stubs for the overtime premium before you file.

📅 Book a free 15-min consultation. Link in Bio.

[overtime tax deduction, qualified overtime premium, overtime pay taxes, federal tax deduction limits, tax filing tips]

10/26/2026

A state tax payment made on December 30 and one made on January 2 can land in two different federal tax years. For some taxpayers, that timing matters.

If you itemize, state and local income taxes are generally deductible in the year they’re paid, subject to the SALT limit. So an eligible payment before year end could move that deduction into the current year.

But paying early doesn’t automatically help you. Take the standard deduction, and the payment may not give you a federal benefit. And with the SALT limit at $40,400 (phasing down for higher income taxpayers), you may already be at the cap.

Before December 31, check your estimated state tax, your federal deductions, and whether an extra payment actually benefits you.

If you’re considering a year end state tax payment, drop your situation in the comments.

📅 Book a free 15-min consultation. Link in Bio.

[SALT deduction limit, state income tax payment, year-end tax planning, itemized deductions, prepaying state taxes]

10/23/2026

Someone moves from a high tax state to one with no income tax, updates their mailing address, and assumes they’re done with their old state’s tax bill. Their old state may disagree.

States can look at where you maintain your home, where you spend your time, and other factors when deciding where you’re domiciled. Changing your mailing address isn’t necessarily enough to establish a new tax residence, and that’s where people get into trouble.

If you’re moving partly for tax reasons, plan the move before you relocate, not after.

If you’re considering a move for tax reasons, drop your situation in the comments.

📅 Book a free 15-min consultation. Link in Bio.

[state tax residency, domicile rules, moving to a no-tax state, state income tax planning, tax residence change]

10/21/2026

Two people give the same amount to the same charity in December. Their tax results can look completely different, depending on how each of them files.

There’s now a federal deduction for certain cash donations even if you take the standard deduction, up to $1,000, or $2,000 for qualifying joint filers. If you itemize, only the amount above 0.5% of your AGI is generally deductible.

Look at the rules before you give, not after, and your donation can work harder in your year end tax plan.

Save this before making your year end charitable donations.

📅 Book a free 15-min consultation. Link in Bio.

[charitable contribution deduction, cash donation tax deduction, standard deduction charity, itemized deductions AGI limit, tax strategist]

10/19/2026

Living in a high tax state means writing big checks to your state and local government. The SALT deduction is how some of that comes back to you on your federal return.

The deduction limit is now $40,400, but the benefit starts phasing down once your modified AGI goes above $505,000.

Here’s what matters: paying more state and local tax doesn’t automatically mean you’ll get the full deduction. Your income, your other deductions, and your overall tax situation all play a part, so it’s worth knowing where you stand before the year ends.

If you’re in a high tax state, save this before reviewing your year end tax plan.

📅 Book a free 15-min consultation. Link in Bio.

[SALT deduction limit, state and local tax deduction, high tax state, modified AGI phase-out, year-end tax planning]

10/16/2026

Buying a piece of equipment and placing it in service are two different events, and the tax treatment depends on the second one.

For qualifying property acquired and placed in service after January 19, 2025, 100% bonus depreciation may be available. That can mean deducting the cost in the first year instead of spreading it over several. But buying something doesn’t automatically make the entire cost deductible. The property has to qualify, and the date it’s ready for use matters. A laptop still in its box on December 31 may not give you what you expected.

None of this is a reason to buy something you don’t need. A deduction only returns a portion of what you spend. But if a legitimate purchase is already on your list, check the tax treatment before year end.

Save this if your business is planning a major purchase.

📅 Book a free 15-min consultation. Link in Bio.

[bonus depreciation, business equipment tax deduction, year-end tax planning, placed in service rules, small business tax strategy]

10/14/2026

A Roth conversion means paying tax now on money you’d otherwise pay tax on later. Whether that’s a smart trade comes down to timing.

When you move money from a traditional IRA into a Roth IRA, the amount converted generally becomes taxable income for that year. If your income is temporarily lower, say a career gap, a slower business year, or early retirement before other income kicks in, you may be able to convert some money at a lower tax cost than you’d face down the road. And once it’s in the Roth, qualified withdrawals can generally be tax free.

The catch is the amount. Convert too much in a single year and you can push more of your income into higher tax brackets, which defeats the purpose.

If you’re considering a Roth conversion, drop your situation in the comments.

📅 Book a free 15-min consultation. Link in Bio.

[Roth conversion strategy, traditional IRA to Roth IRA, lower tax bracket planning, tax-free retirement withdrawals, retirement tax planning]

10/12/2026

Pull up your latest pay stub and look at one number: your year-to-date 401(k) contributions. Most people have no idea where they stand.

The employee contribution limit is $24,500, before eligible catch-up contributions. Increasing your traditional 401(k) contributions can also reduce your taxable income, which makes this one of the simplest ways to lower your tax bill.

But here's what people miss: you generally can't wait until tax filing to make up the difference. Employee contributions come through your paycheck, so once your final paychecks of the year are processed, that window closes.

Check your numbers now and see whether you have room to increase your contributions for the rest of the year.

📅 Book a free 15-min consultation. Link in Bio.

[401k contribution limit, maximize 401k, reduce taxable income, catch-up contributions, year-end tax planning]

10/09/2026

Divorced or separated parents often assume whoever has the kids more often automatically gets to claim them on taxes. That's usually true, but not always, and getting it wrong can cause real problems.

Generally, the custodial parent, the one the child lived with for more nights during the year, claims the child as a dependent. But parents can agree to let the non-custodial parent claim the child instead, using a specific IRS form to make it official. Skip that form, and both parents trying to claim the same child is one of the fastest ways to get a return flagged and delayed.

Every custody situation looks a little different. If yours doesn't fit neatly into this, drop it in the comments.

📅 Book a free 15-min consultation. Link in Bio.

[divorce tax rules, custodial parent dependent claim, IRS Form 8332, claiming child after divorce, dependent exemption rules]

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