Ep57 More Clarification on the Overtime Deduction for 2025

In July the OB3 Tax Bill was passed with information on Overtime and a deduction starting in 2025. On Friday January 23, 2026, the IRS made clarifications on this deduction. I summarize what it all means for you.Also make sure to read and follow Kelly Phillips Erb and her indepth article on the Overtime deduction here: https://www.forbes.com/sites/kellyphillipserb/2026/01/23/irs-offers-more-info-on-how-the-new-overtime-deduction-works/And you can also find more information on the IRS website here: Overtime Deduction Send us Fan MailSupport the showFeel free to reach out to Your Financial Maven® at www.yourfinancialmavenpodcast.com⁠. I would love to hear from you about your money story or insights!Do you want to me a be a guest on Your Financial Maven®? Click here to fill out the Guest Inquiry form.Become a Supporter by the furthering of Financial Education Empowerment and get a shout out in an upcoming episode: YFM+ Supporter_______________________________________________________The purpose of this podcast is to provide general information on the subjects discussed. It is for educational, informational, and entertainment purposes only. It is not meant to resolve your specific financial needs or situations. Please consult with your CPA, tax, or financial professionals.Your Financial Maven® is produced and hosted by Samantha M. Besnoff, CPA. Editing by Kris Zarnoch of ⁠KMZen Creative. Music written, composed, and performed by Daniel Shore