Dr. Friday encourages taxpayers to pause before filing and make sure they have considered available deductions. She also mentions planning ahead for an extra $1,000 charity amount in…
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Tax questions
Deductions & credits
What you can write off, which credits you qualify for, and the paperwork that proves it.
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IRS letters & problems
Deadlines & filing
Deductions & credits
Small business & self-employed
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352 answers
Radio Show
February 7, 2026
Tax season questions came in fast this week, and Dr. Friday opened by correcting confusion around overtime and tip-related tax treatment. She walked through RMD caller scenarios, including…
#Business Vehicle Deductions#IRA Withdrawals#Business Recordkeeping#Overtime And Tip Deductions
ListenDr. Friday explains why the premium tax credit through the Marketplace can be confusing and how it is based on your taxable income. She warns that income changes…
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Radio Show
January 31, 2026
Tax season is open and Dr. Friday jumps right in, clearing up confusion around tips and overtime deductions and the documentation required. She warns against preparers who charge…
#Overtime And Tip Deductions#HELOC Interest Deductions#Tax Preparer Accountability#Employee Misclassification
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Radio Show
January 24, 2026
This week, Dr. Friday breaks down the Trump account election (Form 4547) and what it means for parents, grandparents, and employers. She also revisits tips and overtime reporting,…
#Trump Accounts#Overtime And Tip Deductions#Car Loan Interest Deduction#Choosing Tax Preparers
ListenDr. Friday explains how inflation and income changes can affect tax brackets and credit eligibility. She warns that raises can sometimes push taxpayers out of credits like EITC…
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Radio Show
January 17, 2026
Kick off the 2025 filing season with Dr. Friday as she walks through the additional senior deduction and how the new tips and overtime deduction works at year…
#Overtime And Tip Deductions#Inherited Property Basis#Business Recordkeeping#Trump Accounts
ListenDr. Friday explains that the cash charitable deduction limit is now permanent at 60% of income. She also discusses how the higher standard deduction makes itemizing harder and…
ListenDr. Friday breaks down the 20% QBI deduction and why its permanency is good news for eligible taxpayers. She shares a simple example showing how big the deduction…
ListenDr. Friday explains the mortgage interest deduction limits and why only a portion of interest may be deductible for larger loans. She also notes that some older mortgages…
ListenDr. Friday explains what the SALT deduction includes and why the cap increase matters for itemizers. She also discusses how bunching expenses may help, but only if you…
ListenDr. Friday reviews the Child Tax Credit rules that remain in place, including the refundable portion and inflation adjustments. She also explains the income limits that affect eligibility.
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