New Tax Deductions for Tips, Overtime, and Seniors
Kansas City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Tax filing season brings new deductions for tips, overtime pay, and seniors. Financial expert Alan Becker explains how to maximize these benefits. Servers can deduct actual cash tips, while overtime pay deductions focus on premium rates. Seniors aged sixty-five and older receive a six-thousand-dollar standard deduction boost. Detailed record-keeping and professional advice are recommended for optimal results.
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