📋 SAMPLE REPORT - Example Only
Personalized strategies to maximize your tax savings
Filing Status:
Single
Annual Income:
$67,000
State:
Florida
Age Range:
30
Occupation:
Restaurant Server
Income Sources:
Wages + Tips
Total Estimated Tax Savings
$6,963
8 strategies found • ROI: 240x your investment
OBBBA Deductions
$3,247
Retirement Strategies
$1,356
Investment Strategies
$2,360
*Note: As a Florida resident, you have no state income tax. All savings shown are federal.
New federal deduction for tip income under OBBBA
The One Big Beautiful Bill Act allows you to deduct qualifying tip income (up to $25,000). Based on your estimated $20,000 in annual tips, you can save ~$2,625 in federal taxes (savings calculated across 22% and 12% brackets).
Action Steps:
⏰ Deadline: December 31, 2025
Deduct the premium portion of overtime pay
You reported $7,000 in overtime pay (paid at 1.5x regular rate). You can deduct the "premium" portion (the extra 0.5x), which equals $2,333. This deduction saves you $307 in taxes.
Action Steps:
⏰ Deadline: December 31, 2025
Deduct interest on new auto loan for personal use
The OBBBA allows deduction of auto loan interest (up to $10,000) for new vehicles purchased for personal use. Your estimated interest: $2,400/year = $315 tax savings.
Qualification Criteria:
Action Steps:
⏰ Deadline: December 31, 2025
Tax-deductible retirement savings
Contribute $7,000 to a Traditional IRA. After your OBBBA deductions, this reduces your taxable income in the 12% bracket, saving you $840 in federal taxes.
Action Steps:
⏰ Deadline: April 15, 2026
Triple tax advantage for healthcare savings
If you have a High Deductible Health Plan (HDHP), contribute $4,300 to an HSA. Contributions are tax-deductible (saving $516 at 12% bracket), growth is tax-free, and withdrawals for medical expenses are tax-free.
✓ Check eligibility: Must have HDHP coverage (deductible of $1,650+ for single coverage in 2025)
Tax-free growth for retirement
*No immediate tax savings, but $7,000 grows completely tax-free. Estimated value at retirement (age 65): $47,500+
Growth Opportunity: At age 30, your $7,000 Roth contribution will grow tax-free for 35 years. All withdrawals in retirement are tax-free (unlike Traditional IRA).
⚠️ Note: You can contribute to Traditional IRA, Roth IRA, or split between both. Combined limit: $7,000/year.
Sell investments tax-free
Thanks to your OBBBA deductions lowering your taxable income, you fall into the 0% long-term capital gains bracket (taxable income under $48,350). You can sell appreciated investments and pay ZERO federal tax on the gains.
Action Steps:
*Savings depend on actual gains available to harvest. Estimate assumes ~$13,300 in gains.
⏰ Deadline: December 31, 2025
Offset gains with strategic losses
If you have any losing investments, sell them to deduct up to $3,000 against ordinary income. At your 12% marginal bracket, $3,000 deduction = $360 savings.
⏰ Time Sensitive
Sales must settle by December 31, 2025. Account for T+2 settlement!
By Dec 31, 2025: Track all tips and overtime for OBBBA deductions ($3,247 savings)
By Dec 31, 2025: Execute tax loss harvesting and 0% gains strategy ($2,360 savings)
By Apr 15, 2026: Make IRA contribution for $840 tax savings
Optional: Consider HSA if eligible ($516 additional savings)
Disclaimer: This is a sample report. Actual savings depend on your specific situation. Not professional tax advice. Consult a CPA before making financial decisions.