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Every January I have been sending letters out to my clients via U.S. Mail. In that letter I include a punch list of common items for them to gather for their upcoming tax meeting. My list looks something like this:
- W-2s
- 1099s
- Mortgage statements
- Charitable contributions summary list
- Estimated tax payments made
- etc.
This year I plan on sending this letter out in December. My question is should I add to my list :"Last pay stubs of the year for 2025." That brings up more questions. Many people do not keep pay stubs.. And what about employers that they left earlier in 2025 and never thought of savings those paystubs.
I am asking this here as I was looking for input in how to get the info needed for overtime paid in 2025. Overtime, as the latest update I have read, will not be shown on the 2025 W-2. I know that not all overtime is qualfied overtime but putting that aside for a minute, where do we get the figure of ovetime paid.
And as far as tips, do we simply get the tip income from the W-2. Will employers have to issue a printout of qualified overtime and tips for tax year 2025?
I prepare all returns in person with my clients in my office and am trying to plan ahead for effective meetings. Updated picture of my office where all this takes place: