by admin | Aug 1, 2025 | Miscellaneous
As required by law, in every Form 1040 instruction booklet there’s a section that shows where our federal government gets its money and where it is spent. As taxpayers it makes sense to know this information. Here is the data for the government’s fiscal...
by admin | Jul 25, 2025 | What's New
The recently passed One Big Beautiful Bill Act (OBBBA) addresses some tax law uncertainty while creating several benefits impacting your 2025 tax return. One of these benefits is a new $6,000 deduction for seniors. Here is what you need to know. The Changes Personal...
by admin | Jul 18, 2025 | What's New
What you need to know The One Big Beautiful Bill Act (OBBBA) makes tip income tax-free. But as with any new tax law, the fine print matters, and some of these details still need clarification. Here is what you should know. The basic facts From January 1, 2025 through...
by admin | Jul 11, 2025 | What's New
What you need to know With the passage of the One Big Beautiful Bill Act or OBBBA, many of the temporary tax laws set to expire at the end of 2025 have been made permanent. This week’s tip summarizes the changes to several of the more popular deductions and...
by admin | Jul 4, 2025 | Miscellaneous
If you use an installment sale to help sell property, you can benefit from tax deferral and possibly lower your overall tax bill. But you need to watch out for certain tax traps if you do. Installment sale defined Generally, you create an installment sale when you...
