A weekly newsletter for people who want to understand money without needing therapy afterward. I cover accounting, tax, and finance the way they should be taught. Simple, sharp, and with a sense of humor. If knowledge is power, this one’s your caffeine shot.
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Tax Ticker
A weekly newsletter for people who want to understand money without needing therapy afterward. I cover accounting, tax, and finance the way they should be taught. Simple, sharp, and with a sense of humor. If knowledge is power, this one’s your caffeine shot.
Romeo Razi, CPA Jan 26th Tax Season 2025: "time to buckle up" January 26, 2026 - the day the IRS music starts, and for the rest of us, the financial dirge begins. That's right, filing season officially opens today. But before your sprint toward your refund like it's a Taylor Swift ticket drop, let's talk about what's really going on behind the IRS curtain. Thanks to the OBBBA (One Big Beautiful Bill Act), Americans got two things: a boatload of tax breaks, and....drumroll please.... IRS org...
Romeo Razi, CPA Jan 18th 💰No Tax on Tips....well sort of. Trump made a promise to the Vegas peeps: "no tax on tips." And that's technically true for some of you, but not all of you. Unfortunately like most tax promises, the devil's in the deductions. The $25K tax-free treat comes with strings attached. So, here are the limitations, conditions, and carve-outs: 🤑 First $25,000 of tips: tax-free ↳ Baristas win. ↳ Bottle service girls? No so fast (see below) 🚧 Here are three hurdles you’ll need...
Romeo Razi, CPA Jan 11th 🧾1099s: one last dance with $600 That's right baby!This is the last year you have to pretend that $600 is a meaningful number. Starting this year (2026), the new 1099 limit is $2,000 (and it's indexed for inflation). Fun Fact: the $600 limit was originally set back in 1954. If they’d adjusted it for inflation, today’s number would be closer to $6,800. But nooooo, Congress decided to go for “kinda better” and ended up landing on “still annoying.” Here's what you...