Unveiling Tax Changes: Tips, Overtime, and more | 33
Episode 22 of the Money & Magic podcast, hosted by Witchy Bookkeeper, titled "Unveiling Tax Changes: Tips, Overtime, and more | 33" was published on February 27, 2026 and runs 13 minutes.
February 27, 2026 ·13m · Money & Magic
Summary
No Tax on Tips & Overtime? What It Really Means (Plus the New Senior Deduction) Host Chey, Remote Bookkeeper and Judgment Free Money Coach explains key parts of Trump’s “big, beautiful bill” being asked about during tax season, focusing on how the changes work as deductions that reduce federal taxable income rather than making income tax-free. The episode covers the temporary “no tax on tips” provision for tax years 2025–2028, the “no tax on overtime” deduction and explains a new a...
Episode Description
No Tax on Tips & Overtime? What It Really Means (Plus the New Senior Deduction)
Host Chey, Remote Bookkeeper and Judgment Free Money Coach explains key parts of Trump’s “big, beautiful bill” being asked about during tax season, focusing on how the changes work as deductions that reduce federal taxable income rather than making income tax-free. The episode covers the temporary “no tax on tips” provision for tax years 2025–2028, the “no tax on overtime” deduction and explains a new additional senior deduction starting in 2025.
01:38 No Tax on Tips Explained
05:20 No Tax on Overtime
07:50 Senior Extra Deduction
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