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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Feel 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!

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

I'm back from my holiday break! Hope everyone had a great holiday season and Happy New Year. Tax Season Opens Soon! Here is just some insights on what you need to know.

Here is a link to my Resources tab where you will find all kinds of great information: https://www.yourfinancialmaven.com/resources.

Send us a text

Support the show

Feel 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!

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

It's the end of the year and you need to make sure your planning for taxes whether you are a small business or individual. In this episode, I give some overviews related to what you need to know. I will be back in January/February with some more updates as it relates to the new tax law and any other tax changes.

Wishing you all a Happy Holidays and Happy New Year!!

Send us a text

Support the show

Feel 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!

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