Fox Accounting, LLC

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."

08/02/2025

The rule of retirement inversion says that to have a great retirement, you must ask yourself what would ruin a great retirement — and then plan to avoid it.

10/25/2024

If you've been front-loading your TSP, make sure not to cut out your matching funds before the end of the year! "those notified last year that they were saving at too high a rate, a fifth made the needed adjustments and captured the full match." 👀😳

Some TSP Investors May Need to Act to Avoid Losing Matching Funds A presentation at this month’s meeting of the TSP governing board called attention to

02/03/2024

Great breakdown on many issues I'm seeing.

26.3K likes, 3191 comments. “This doesnt apply to everyone but im definitely seeing a pattern”

08/13/2023

https://www.tiktok.com/t/ZT8NBxMy1/

256.7K likes, 5025 comments. “03. How tax brackets actually work”