Your Money Fast Tax Preparation Services, 7901 4th Street North, Saint Petersburg, FL (2026)

02/24/2026

We helped a small business fix years of messy books, file overdue returns, and stop penalty notices in their tracks. Fast, accurate tax prep and organized bookkeeping cleaned up their records, improved cash flow, and gave the owner confidence to grow. Ready to get your books in order? Visit https://wix.to/gyIlLQB to see how we can help. 💼✅✨

02/13/2026

If you’re the cheapest… people don’t expect you to be the best.

If you’re the best… people don’t expect you to be the cheapest.

Choose your lane. 💼✨

02/03/2026

Calculating Your FLSA Overtime Premium Deduction

Use this worksheet if your employer did not provide the FLSA premium amount.

STEP 1 — Determine Your Regular Rate of Pay

Your regular rate includes:

Hourly wage
Nondiscretionary bonuses
Shift differentials
Certain allowances
Formula:

Record your regular rate for each week with overtime:

Week Ending

Straight‑Time Earnings

Total Hours Worked

Regular Rate

STEP 2 — Determine Your FLSA Overtime Hours

For most workers:

Record weekly overtime hours:

Week Ending

Total Hours Worked

FLSA OT Hours

STEP 3 — Calculate the Premium Portion

Only the 0.5× premium is deductible.

Formula:

Record weekly premium amounts:

Week Ending

Regular Rate

FLSA OT Hours

Premium Portion (0.5 × Rate × Hours)

STEP 4 — Add All Premium Portions

Total Deductible Amount for the Year: _______________________

This is the number you enter on Schedule 1 of your federal tax return.

02/03/2026

Temporary FLSA Overtime Premium Deduction (2025–2028)

What Is This Deduction?

Beginning with the 2025 tax year, the IRS allows certain workers to deduct the premium portion of their FLSA overtime pay. This deduction is temporary and applies to tax years 2025 through 2028.

The deduction reduces your taxable income, similar to educator expenses or student loan interest.

Who Qualifies?

You may qualify if:

You earned FLSA overtime during the year
You received the premium portion of overtime (the “half” in time‑and‑a‑half)
Your income is below the IRS phase‑out limits
You file a federal tax return for 2025, 2026, 2027, or 2028
Most hourly workers who earn overtime under the Fair Labor Standards Act (FLSA) may qualify.

What Counts as FLSA Overtime?

For most employees:

Hours worked over 40 in a workweek
For certain categories (e.g., some transportation, agriculture, or rural postal carriers):

Different thresholds may apply based on FLSA rules.
What Part Is Deductible?

Only the premium portion of overtime is deductible:

Regular overtime pay = 1.5 × regular rate
Deductible portion = 0.5 × regular rate × FLSA overtime hours
This is the “extra half” that turns straight time into time‑and‑a‑half.

Where Do I Report This on My Tax Return?

The IRS has added a line on:

Form 1040 – Schedule 1 (Adjustments to Income) labeled “Qualified Overtime Compensation Deduction” (or similar wording)
You enter the total deductible amount for the year.

What Documentation Do I Need?

You may use:

A letter or statement from your employer (some employers, like USPS, provide this)
Your pay stubs showing:
Regular rate
Overtime hours
Overtime earnings
A worksheet (included below) to calculate the deductible amount
Employers are not required to provide a special form.

Important Notes

This deduction is separate from itemized deductions — it applies even if you take the standard deduction.
Only the FLSA premium portion qualifies, not:
Double time
Penalty overtime
Contractual overtime above FLSA minimums
Shift differentials
Bonuses (unless they affect the regular rate)
If you need help calculating your deductible amount, bring your pay stubs or employer documentation to your tax appointment.

01/17/2026

🚨🚨 TAX SEASON ALERT — READ THIS BEFORE YOU FILE 🚨🚨

Some of you are receiving something labeled “Supplemental W-2” and panicking.
Let me clear this up NOW — plain English, no confusion.

👇👇👇

🔹 IF YOU RECEIVED A LETTER that says “Supplemental W-2”
(and it does NOT look like the standard red-ink W-2 form):

✅ It is INFORMATIONAL ONLY
✅ It is NOT entered separately on your tax return
✅ It explains an overtime tax adjustment
✅ The correction is already included in your official W-2 totals (or will be via a corrected W-2)

📌 Letters explain — they are NOT reportable forms

🔹 IF YOU RECEIVED AN ACTUAL RED-INK W-2 OR W-2c FORM:

❌ It is NOT a second job
❌ It is NOT extra income
✅ It MUST be COMBINED with your original W-2 from the same employer
✅ This keeps your return accurate and avoids IRS mismatch letters

📌 Forms get reported — and combined correctly

💡 THE BOTTOM LINE:
• Letters = explanation
• Official W-2 / W-2c = reported (combined properly)

This overtime tax correction is normal, expected, and widespread — but it has to be handled the right way.

If you’re unsure what you received, ASK BEFORE YOU FILE.
Fast filing is good — accurate filing is better.

✔️ Accurate
✔️ IRS-safe
✔️ No surprises

—
Your Money Fast Tax Preparation Services, Inc.
Where we get you your money fast.

YourMoneyFast
IRSReady StayAhead SmartFiling TaxEducation FileWithConfidence

01/16/2026

🚨🚨 TAX SEASON ALERT — READ THIS BEFORE YOU FILE 🚨🚨

Some of you are receiving something labeled “Supplemental W-2” and panicking.
Let me clear this up NOW — plain English, no confusion.

👇👇👇

🔹 IF YOU RECEIVED A LETTER that says “Supplemental W-2”
(and it does NOT look like the standard red-ink W-2 form):

✅ It is INFORMATIONAL ONLY
✅ It is NOT entered separately on your tax return
✅ It explains an overtime tax adjustment
✅ The correction is already included in your official W-2 totals (or will be via a corrected W-2)

📌 Letters explain — they are NOT reportable forms

🔹 IF YOU RECEIVED AN ACTUAL RED-INK W-2 OR W-2c FORM:

❌ It is NOT a second job
❌ It is NOT extra income
✅ It MUST be COMBINED with your original W-2 from the same employer
✅ This keeps your return accurate and avoids IRS mismatch letters

📌 Forms get reported — and combined correctly

💡 THE BOTTOM LINE:
• Letters = explanation
• Official W-2 / W-2c = reported (combined properly)

This overtime tax correction is normal, expected, and widespread — but it has to be handled the right way.

If you’re unsure what you received, ASK BEFORE YOU FILE.
Fast filing is good — accurate filing is better.

✔️ Accurate
✔️ IRS-safe
✔️ No surprises

—
Your Money Fast Tax Preparation Services, Inc.
Where we get you your money fast.

01/11/2026

The announced Monday, January 26, 2026, as the opening of the nation’s 2026 filing season. You will have until Wednesday, April 15, 2026, to file your 2025 tax returns and pay any tax due. Don’t forget that IRS.gov has online tools and resources you can use before, during and after filing your federal tax return.

11/19/2025

Before you turn in tonight…

Look at that calendar.

That deadline isn’t just a date — it’s an opportunity.

Tax planning isn’t only for big businesses.
It’s for families, side hustlers, gig workers, W2 earners, and every dreamer who wants their money working smarter next year.

I’m thankful for every client who trusts me with their financial story.
Let’s write your next chapter the right way.
✨ Book your November tax-planning session now.

📲 DM or call 727-496-3829

11/18/2025

⏰ The Deadline You’ll Thank Yourself For.
November isn’t just about turkey — it’s about taking control before the year ends.

Smart tax planning TODAY can save you money in April.
And when that refund hits?
You'll be grateful you started early. 🍁💼

Let’s make November count for your wallet, your peace of mind, and your 2025 goals.
Tap in — tax planning appointments now open.

📲 Your Money Fast Tax Prep Services, Inc.
“Where we get you your money fast.”

Your Money Fast Tax Preparation Services

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