Time is running out to claim $1.2 billion in refunds for tax year 2022; taxpayers face April 15 deadline
The IRS today announced that over 1.3 million people across the nation have unclaimed refunds for tax year 2022 and face an April 15 deadline to submit their tax returns.
A deeper dive into the Dirty Dozen: Taxpayers stay alert in peak filing season
Every year the IRS announces a list of top tax scams that threaten the tax and financial information of taxpayers, businesses, and tax professionals.
Newsletter from Service Center in Salem/Gloucester Counties
See the latest newsletter from the USDA.
Taxpayer Bill of Rights: Taxpayers have the right to pay no more than the correct amount of tax
It’s filing season, so it’s a good time for the IRS to remind taxpayers they have rights, one of which ensures taxpayers have the right to pay only the amount of tax legally due.
Farmer Bridge Assistance (FBA) – Prepare to Apply Online
To conduct business with FSA online, including applying for FBA assistance, producers will need a Login.gov account.
New and enhanced deductions for individuals
A deduction is an amount subtracted from the taxpayer’s income when filing. Deductions lower the taxable income resulting in lowering the federal income tax obligation.
Everyone is asking and here is the link for the new Trump Kid Accounts
We are providing our clients with the link for the form to open a Trump Account for your eligible children.
Tax Credits for Individuals
A tax credit reduces the amount a person owes in income taxes dollar-for-dollar. There are new changes to some of these credits.
One, Big, Beautiful Bill: How to take advantage of no tax on tips and overtime
The One, Big, Beautiful Bill has a significant effect on federal taxes, credits and deductions.
IRS issue guidance on the additional first year depreciation deduction amended as part of the One, Big, Beautiful Bill
The Department of the Treasury and the Internal Revenue Service today issued Notice 2026-11 that provides taxpayers with guidance on the permanent 100% additional first year depreciation deduction for eligible depreciable property acquired after Jan. 19, 2025, provided …
