by admin | Oct 2, 2026 | What's New
As the tax extension quickly approaches the October 15th deadline, now is a great time to review happenings at the IRS and how it may impact you and your situation. New formats for W-2s and 1099s. With the advent of tax-free tips and tax-free overtime, look forward to...
by admin | Jan 16, 2026 | What's New
New mileage rates announced by the IRS Mileage rates for travel are now set for 2026. The standard business mileage rate increases by 2.5 cents to 72.5 cents per mile. The medical and moving mileage rates go down 1/2 cent to 20.5 cents per mile. Charitable mileage...
by admin | Dec 12, 2025 | What's New
What everyone needs to know Recent tax legislation includes new provisions that allow for the establishment of new investment accounts for children ages 18 or younger. The goal of the account is to have funds available for them when they become adults. While not yet...
by admin | Nov 14, 2025 | What's New
What you need to know For years, the tax code trend was to reduce the amount of interest that may be deducted on your tax return. Until recently, it really only allowed interest deductions as an itemized deduction on qualified residences and vacation property. That is...
by admin | Oct 3, 2025 | What's New
Review and act NOW! In late September, the Treasury Department presented a list of preliminarily-approved occupations that will qualify for the new federal tax-free tip income provision on 2025 tax returns. Here is what you need to know. Background As part of the One...
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...
