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A resource guide for individuals, businesses, and the self-employed looking to better understand tax strategies, tax savings, and deductions. Each guide below breaks down what the law actually says, who it applies to, and what it means for you.
No Tax on Overtime
The headline says overtime is tax-free. The statute says something much narrower. Only the premium portion of overtime pay qualifies, only when the Fair Labor Standards Act required that overtime, and only within an annual limit that phases out at higher incomes. This guide walks through what IRC section 225 actually covers, which employees are excluded and why, what happens when an employer pays overtime voluntarily, where the qualifying amount appears on your W-2, and whether Texas or another state still taxes it.
Quarterly Taxes for 1099 Contractors
Nobody withholds anything from a 1099 payment, and the IRS doesn’t wait until April to collect what’s owed. This guide walks through why self-employment income is taxed on a running quarterly schedule, what the safe harbor rule actually protects you from, which deductions get missed most often, and how retirement contributions can lower this year’s bill while building next year’s cushion.
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