02/24/2026
📢 **Tax Prep Update: Overtime & Personal Car Loan Interest Under OBBB**
As you gather your documents this year, keep in mind updates under the **One Big Beautiful Bill (US federal tax law)** that may directly affect your tax return.
⏱ **Overtime Income**
If you earned overtime pay, there may be changes to how it’s taxed or reported.
When preparing your return, make sure to:
✔️ Review your W-2 carefully
✔️ Confirm proper withholding
✔️ Let us know if overtime made up a significant portion of your income
Even small withholding differences can impact your refund or balance due.
🚗 **Personal Car Loan Interest**
If you financed a personal vehicle, recent updates may affect whether any portion of your auto loan interest is deductible.
Be prepared to provide:
✔️ Total interest paid (lender statement)
✔️ Loan details and purchase date
✔️ Any documentation related to qualification requirements
Not all personal auto interest qualifies, so proper review is essential before filing.
📌 Tax rules are changing — and accurate preparation matters more than ever. If you received overtime pay or paid interest on a personal vehicle loan, let’s review your situation before filing.
📞 Contact our office to schedule your tax preparation appointment today.
