Tag: W-2 code TT
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New Tax Deductions for Tips, Overtime, Car Loans, and Seniors: The Records Each One Requires
Tips, overtime, car loan interest, and the senior deduction offer real savings, but each depends on records the IRS can now match. Steve Perry, EA explains W-2 codes TP and TT, Form 1098-VLI, occupation codes, income thresholds, and employer reporting so taxpayers and business owners can protect these deductions before filing season.