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

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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