Tax Game Plan, LLC

Tax Game Plan, LLC Helping business owners and real estate investors reduce taxes, accelerate wealth, and live tax efficiently
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Tax Planning to proactively reduce and eliminate taxes for business owners and real estate investors. Our mission is to work with successful business owners and real estate investors to create, implement, and maintain proactive tax plans with the goal of significantly reducing or eliminating their tax liability.

07/31/2025

Big Tax News 📖

The OB3 Act just passed and it’s giving a major break to people who earn tips or overtime — but only from 2025 to 2028. Here’s what you need to know:

✅ Up to $25,000 in overtime and tips may be TAX-FREE (no federal income tax)
💡 Applies if your job customarily receives tips (servers, bartenders, caddies, car wash attendants, etc.)
🧾 Must be reported on your W-2 to qualify (no under-the-table income)
🚫 Automatic gratuities don’t count (like the 18% added to large tables)
⚠️ Still subject to Social Security & Medicare taxes (F**A)
📉 Phases out if you make more than:
• $150K (individual)
• $300K (married filing jointly)

07/17/2025

🏡💼 Home Office = Bigger Auto Deduction? Yes!

If your home is your primary place of business, all business mileage starts from your driveway — no commuting miles = more deductions! 🚗💰

✅ Home office deduction
✅ Increased auto write-offs (standard or actual method)

Track it right. Save big. Talk to your CPA to make sure it works for you.

07/15/2025

How does the new "No tax on OT" work?

TL;DR - There's now a tax deduction for OT pay for 2025-2028 of up to $12.5k/25k. If you earn over $150k/$300k, you're deduction will be reduced.

- Passed w/ the new OB3 tax bill is a provision for no tax on OT pay

- You may deduct up to $12.5k on a single return (S) or $25k on a married filing joint return (MFJ) for OT pay received

- The portion of OT pay is the 0.5 in the 1.5x OT pay - if regular pay is $10 and you get $15 for OT; $5 is the amount that's an OT deduction

- This is a below the line deduction - it does not impact Adjusted Gross Income (AGI) or the Itemized/Standard Deductions

- There is a phaseout for high-earners - if you have Modified AGI > $150k (S)/$300k (MFJ), the deduction begins to phaseout (you get less of the deduction)

- This is a federal tax deduction that exists for tax years 2025-2028

- The OT time must be reported separately on your W2 to be eligible for the deduction

Address

1305 HRC Plaza Drive
Lake Saint Louis, MO
63367

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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