Volunteer Income Tax Assistance (VITA)
Tax Relief with Timalyn Bowens
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Low Income Taxpayer Clinic (LITC)
Tax Relief with Timalyn Bowens
Episode 73: In this episode, Timalyn addresses taxpayers who can’t afford tax representation and how they can get help through the Low-income taxpayer clinics. What is the Low-Income Taxpayer Clinic? The low-income taxpayer clinic (LITC) helps qualifying taxpayers handle disputes with the IRS. It receives funding for the IRS but it is independent from the IRS and the Taxpayer Advocate Service (TAS). LITCs offer tax representation services, not tax preparation services like the Volunteer Income Tax Assistance (VITA) program. LITCs can help taxpayers respond to IRS notices,...
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IRS Statute of Limitations on Unfiled Tax Returns
Tax Relief with Timalyn Bowens
Episode 72: In this episode, Timalyn addresses how long the IRS has to collect taxes from a taxpayer if they have unfiled tax returns. Not filing taxes is not a get out of jail free card. You may yet be on the IRS’ radar. What are the different IRS statute of limitations? Many taxpayers believe that the IRS only has 3 or 6 years to assess tax for a certain year on their account. That is incorrect. What they are mistaking that for is the Assessment Statute Expiration Date (ASED). The IRS has 3 years after your taxes were initially assessed to assess additional tax for...
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Additional Medicare Tax
Tax Relief with Timalyn Bowens
Episode 71: In this episode, Timalyn addresses the additional Medicare tax that taxpayers are faced with when they reach they reach a certain income threshold. Before getting into the episode, Timalyn warns taxpayers not to go exempt on their W-4 because the government is shut down. She reminds taxpayers that they will still be responsible for the tax due when they file their taxes in the Spring. What is the additional Medicare Tax? The additional Medicare tax was created to help fund the tax provisions in the. This includes the . The tax amount is 0.9% of...
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Should I File as Head of Household?
Tax Relief with Timalyn Bowens
Episode 70: In this episode, Timalyn addresses a tax filing fundamental that is often misconstrued and can lead to unnecessary tax debt and penalties. Head of household is a tax filing status for taxpayers who are unmarried but keep up the expenses of a home for a qualifying dependent. Who Qualifies for Head of Household? 3 requirements must be met for a person to claim head of household status. 1 - They were unmarried for the tax year. This is for taxpayers who have never been married, are legally separated from their spouse, or are divorced. Married taxpayers who...
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Government Shutdown ≠ IRS Shutdown
Tax Relief with Timalyn Bowens
Episode 69: In this episode, Timalyn deviates from the discussion begun in Episode 64 about the One Big Beautiful Bill Act. Timalyn addresses the government shutdown and how it affects the IRS and, in turn, all taxpayers. Today, she’s explaining what a government shutdown is, how a government shutdown doesn’t give taxpayers in tax debt a get out of jail free card, what to expect from the IRS right now, and how this will likely affect the 2026 filing season. What is a government shutdown? The government shuts down when Congress cannot agree on a budget. It...
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Charitable Contributions
Tax Relief with Timalyn Bowens
Episode 68: In this episode, Timalyn continues the discussion begun in Episode 64 about the One Big Beautiful Bill Act. Today, she’s explaining the charitable contribution deduction and the changes that have been made to it under the One Big Beautiful Bill Act. What is a charitable contribution? Charitable contributions are money or property that are given to a 501(c)(3) nonprofit organizations, religious organizations, educational institutions, fraternal organizations, public cemeteries, and certain government organizations. The IRS has a search tool that can be used to...
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Senior Deduction 2025
Tax Relief with Timalyn Bowens
Episode 67: In this episode, Timalyn continues the discussion begun in Episode 64 about the One Big Beautiful Bill Act. Timalyn opens up the episode with a reminder of what the One Big Beautiful Bill Act is. There is a video version of this episode! You can watch it here : Today, she’s explaining the enhanced senior deduction for taxpayers who are 65 and older. This deduction will be available for tax years 2025 - 2028. If there is any part of this new tax law that you’d like to hear her cover, please let us know. What is the standard deduction for 2025? ...
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Car Loan Interest Deduction
Tax Relief with Timalyn Bowens
Episode 66: In this episode, Timalyn continues the discussion begun in Episode 64 about the One Big Beautiful Bill Act. Timalyn opens up the episode with a reminder of what the One Big Beautiful Bill Act is. Timalyn also warns that this tax year may not be the one where you want to let someone who is not a professional handle your preparation. Today, she’s explaining the car loan interest deduction. If there is any part of this new tax law that you’d like to hear her cover, please let us know. Car Loan Interest Deduction This new deduction is effective for tax years 2025...
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No Tax on Tips
Tax Relief with Timalyn Bowens
Episode 65: In this episode, Timalyn continues the discussion begun in Episode 64 about the One Big Beautiful Bill Act. Today, she’s explaining the no tax on tips deduction. If there is any part of this new tax law that you’d like to hear her cover, please let us know. No Tax on Tips Timalyn jumps right in to let listeners know that tips are still considered taxable income. In order for them to be deducted, they must also be reported to the IRS. The One Big Beautiful Bill Act created a new section in tax law that allows a maximum of $25,000 in qualified tips to be deducted from...
info_outlineEpisode 64: In this episode, Timalyn breaks down a hot topic from the newly passed One Big Beautiful Bill Act, the No Tax on Overtime Act, and what it really means for working taxpayers starting in 2025.
There has been a lot of confusion online suggesting that overtime income is completely tax-free. But is that true?
Not exactly.
Timalyn explains how the law allows an above-the-line deduction for qualifying overtime income. That means you can deduct a portion of your overtime pay from your taxable income, but it is not completely exempt.
She walks you through who qualifies, how much can be deducted, and what income limits apply.
Here is a quick breakdown:
✔️ If you are filing single, you can deduct up to $12,500
✔️ Married couples filing jointly can deduct up to $25,000
❌ Married filing separately does not qualify for this deduction
There are income phaseouts to be aware of. If your income exceeds $150,000 as a single filer or head of household, or $300,000 if married filing jointly, the deduction decreases by $100 for every $1,000 you earn over the limit.
Timalyn also explains how employers will report this on your W-2 and what counts as premium overtime pay under the Fair Labor Standards Act. Only the premium portion, meaning the amount you earn above your regular rate, will qualify for the deduction.
This deduction is not permanent. It only applies to tax years 2025 through 2028. There is also a Social Security number requirement, and this may affect how couples decide whether to file jointly or separately.
Please note that this deduction only applies to income tax. It does not apply to social security, Medicare, state, or local taxes.
Need Tax Help Now?
If you are currently facing an audit or have received a notice, schedule a consultation with Timalyn through her website: www.bowenstaxsolutions.com
As we conclude Episode 64, make sure to subscribe on Spotify, Apple Podcasts, or your favorite podcast platform. Remember, Timalyn Bowens is America’s Favorite EA, and she’s here to fill the tax literacy gap — one taxpayer at a time.
Thank you for listening to today’s episode. For more information about tax relief, visit: https://www.Bowenstaxsolutions.com. Got feedback or an episode suggestion? If you have any feedback or suggestions for an upcoming episode topic, please submit them here: https://www.americasfavoriteea.com/contact.
Disclaimer: This podcast is for informational and educational purposes only. It provides a framework and possible solutions for solving your tax problems, but it is not legally binding. Please consult your tax professional regarding your specific tax situation.