12/07/2025
1. Employers aren't required to figure your overtime and/or tips for your 2025 W-2s and 1099s, so you may have to figure it yourself.
2. The overtime deduction is only for the "half-time" pay, not the full time & a half.
3. You're required to report all tips, including your cash tips.
4. There are limits to the amount of these deductions you can claim, but these are in addition to your standard deduction.
“We’re going to have this hodgepodge, weird year of rules that’s going to make reporting very difficult for employees."
