No Tax on Overtime & Tips? NEW Deductions in the One Big Beautiful Bill Act Explained! Unbiased!

No tax on overtime and tips explained. A new tax deduction in the One Big Beautiful Bill Act could mean no federal income tax on your overtime pay and tips. In this video, I break down Sections 70201 & 70202 of the bill, who qualifies, what qualifies, how it works, and how much you could save on your paycheck. As per usual with me at Finance with Avrin, this video is unbiased and not political. It's all about personal finance here.

This could be one of the biggest tax breaks for workers in years, especially for those in hospitality, retail, and hourly jobs earning tips and overtime.

✅ How the overtime and tips deduction works
✅ When do the deductions start?
✅ Can you use it with the standard deduction?
✅ What about Social Security and Medicare taxes?
✅ Are there phase outs and reductions?
✅ Eligibility requirements
✅ Examples of how much you could deduct
and more!

Whether you're a server, nurse, or shift worker clocking in those extra hours, this could put more money back in your pocket. Watch to learn more and find out how to take full advantage.

0:00 Intro
0:47 No Tax on Overtime and Tips Info
2:13 Overtime and Tips Qualifications
6:25 Overtime and Tips Deduction Limits
7:47 Overtime and Tips Deduction Phase Out
11:17 Overtime and Tips Deduction Examples
15:33 Outro

One Big Beautiful Bill Explained Playlist: https://www.youtube.com/playlist?list=PLUYb2Ee73D8axsbdkpHPpOVmPzA26s1mO

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*Not financial advice. For educational and entertainment purposes only.

#bigbeautifulbill #donaldtrump #taxdeductions #personalfinance

Видео No Tax on Overtime & Tips? NEW Deductions in the One Big Beautiful Bill Act Explained! Unbiased! канала Finance with Avrin