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Instant download · Excel + Google Sheets2026 New Deductions Workbook (Tips & Overtime)
The new federal deductions can be worth thousands, but only if you can show the numbers. Log each paycheck, separate what likely qualifies from what doesn't, and estimate your deduction before you file.
$15 one-time
Current as of November 2, 2026. See the update log inside the file.
Buy now, $15 Try the free tips & overtime estimator
Not a substitute for the advice of an attorney or tax professional.
Secure checkout by Stripe. After you pay, you go straight to your download page. 14-day refund, no questions asked.
What it does for you
- See your 2026 tips and overtime deductions build up paycheck by paycheck
- Separate federal FLSA overtime (deductible) from California daily overtime (not deductible federally)
- Follows the published Schedule 1-A phase-out ($150,000/$300,000); check your result against the official form
- Check whether to adjust your W-4 so you get the benefit in your paycheck, not only at refund time
What's inside
- Tips log: cash, card and shared tips by shift or pay period, with W-2 code TP and 1099 tip-box fields
- Overtime splitter: hours and rates → FLSA premium vs. state-only overtime
- Schedule 1-A estimator (caps, MAGI phase-out). File using the official IRS Schedule 1-A and instructions, or your tax software
- Refund & withholding estimate using 2026 brackets
- California line reminding you the deductions don't apply on Form 540 (current law)
- Records checklist for what to keep if the IRS asks
Updated for the 2026 tax year. If the IRS changes the rules or forms, buyers get the revised file free.
Read first (free)
- No tax on tips in 2026: who qualifies
- How to figure the deductible part of overtime
- Tips, overtime and your California return
FAQ
Who is this for?
Employees and self-employed workers who receive qualified tips or FLSA overtime, especially in California.
Does it file my taxes?
No. It organizes your numbers and gives an estimate. File using the official IRS Schedule 1-A and instructions, or your tax software, and check the estimate against it.
Is it for 2025 returns too?
It's built for tax year 2026. The 2025 rules are the same limits, but 2025 used special transition reporting.
Is this tax advice?
No. It's an organizing and estimating tool based on IRS guidance. Check your situation with a tax professional.
Can I get a refund?
Yes, within 14 days, no questions asked. Email us and the refund goes back through Stripe to your original payment method, usually within 5–10 business days.
Not a substitute for the advice of an attorney or tax professional.
Seller: Frank Sanchez, doing business as Ledger Kits Express. California-only rules. Sold as-is; see our Terms and Disclaimer.