Summit Financial Solutions

https://summit-financialsolutions.com/blog/f/2025-irs-tax-update-on-overtime-explained

2025 IRS Tax Update on Overtime Explained For the 2025 tax year (returns filed in 2026) the IRS allows many workers to deduct qualified overtime compensation from their federal income tax — meaning that portion is not included in taxable income when filing.

Know where you stand.

An Online Account is an easy and safe way to access details on your federal taxes. This tool allows you to check balance details, make payments, access your records and more.

Learn more at www.irs.gov/account.

It’s always better to just chat about your specific business needs, but here is a summary of services we offer and who we are. ☀️

Does your company need help with Employee Retention Credits (ERC)?
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