Listen up Tax Bosses 👩🏽‍💼👨🏽‍💼 The Tax Pro Account now includes new business-level capabilities for tax professionals who operate within a firm or tax preparation business. This is not small. This is structure. This is compliance. This is LEVELING UP. Here’s what you can now do inside the updated Tax Pro Account: ✅ Manage your Centralized Authorization File (CAF) access No more confusion about who has access and what’s active. ✅ Assign authorized employees If you have staff, this helps you control who can represent taxpayers under your firm. ✅ Link your business CAF to your EIN This creates alignment between your CAF number and your business entity. (HELLO professionalism 👏🏽) ✅ View taxpayer information within active authorizations Better visibility. Better control. Better service. ✅ Withdraw authorizations when necessary Protect your firm. Protect your clients. Stay compliant. --- 💡 Why This Matters If you are: • Building a tax office • Running a service bureau • Hiring preparers • Scaling your firm This update is about accountability and operational structure. We are not hobby preparers over here. We are building compliant, scalable tax businesses. --- 👇 Drop in the comments: Are you currently using your Tax Pro Account? Do you have your CAF set up properly? Do you know who has access under your firm? If not — this is your sign to tighten it up. More training on this coming soon inside the community 💼✨

The One Big Beautiful Bill (OBBB) signed into law in July 2025 introduces a new federal income tax deduction for qualified overtime compensation beginning with the 2025 tax year. This is one of the major individual tax provisions impacting filing this season. 🔎 What the Law Does • Employees may deduct qualified overtime pay from federal taxable income on their 2025 return — up to $12,500 for individuals or $25,000 for joint filers. • The deduction is available whether the taxpayer itemizes or claims the standard deduction. • Qualified overtime generally means the premium portion paid under the Fair Labor Standards Act — the extra above the regular rate (e.g., the “half-time” portion of time-and-a-half). 📄 Reporting & Calculation for 2025 • Employers are NOT required in 2025 to separately report qualified overtime on Form W-2 or 1099s — there’s a transition rule for the first year. • Because of this, taxpayers may need to calculate the qualified overtime deduction themselves using pay stubs or employer statements. • Guidance (IRS Notice 2025-69) and Form 1040 instructions will explain how to determine the deduction amount and where to claim it (likely on a new Schedule 1-A attachment). 📊 Phase-outs & Limits • The deduction begins to phase out for modified AGI over $150,000 ($300,000 married filing jointly). • The overtime provision expires after tax year 2028 unless Congress extends it. ⚠️ Key Practitioner Points • Overtime pay is still full taxable wages for payroll tax (Social Security/Medicare) purposes. • Proper documentation is essential for clients claiming the deduction — employers may not provide separate reporting for 2025. • When updated W-2 reporting becomes required in tax year 2026, the calculation will be easier. 💬 Summary for Tax Season Tax professionals should prepare to: 1. Educate clients on this new deduction, not an exclusion. 2. Help clients calculate qualified overtime amounts when separate reporting isn’t yet provided. 3. Ensure claims are supported with documentation — pay stubs or written employer statements. 4. Watch for updated IRS forms and instructions (Schedule 1-A).

This space is dedicated to everything tax preparation, compliance, and strategy. Use this tab to ask tax-related questions, discuss scenarios, share insights, and deepen your understanding of tax law and best practices. Here we focus on:• Filing statuses & dependents• Income types (W-2, 1099, Schedule C, etc.)• Credits, deductions, and adjustments• Due diligence, ethics, and compliance• IRS rules, forms, and real-world tax situations This is a learning-first space. Ask questions, but be specific and respectful. No guessing, no shortcuts, and no advice that puts your PTIN or business at risk. Drop a comment below with:1️⃣ Your biggest tax-related challenge right now2️⃣ A topic you want covered next Let’s sharpen our tax skills, protect our credentials, and prepare returns the right way. 💼📄✨