The AEM Blog

Top-shelf insights and resources from our small business to yours—on the house!

Introduction: A Tax Break for Hardworking Americans Starting in 2025, a landmark provision in the One Big Beautiful Bill Act (OBBBA) introduces a valuable deduction: up to $12,500 of your overtime “premium” pay (or $25,000 for joint filers) can be excluded from federal taxable income, making overtime earnings effectively tax-free, with some limitations. KiplingerIRSWikipedia What […]

Featured, Resources, Tax, Uncategorized

August 26, 2025

No Tax on Overtime: What You Need to Know in 2025 – 2028

The SALT Deduction: A Quick Refresher The State and Local Tax (SALT) deduction allows taxpayers to deduct certain taxes paid to state and local governments – including income, property, and sales taxes – on their federal tax returns. However, the Tax Cuts and Jobs Act (TCJA) of 2017 capped the SALT deduction at $10,000, disproportionately […]

Accounting, Featured, Uncategorized

August 5, 2025

What You Need to Know About the New SALT Rules for 2025