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 by the One, Big, Beautiful Bill.
IRS Announces first day of 2026 filing season
January 26, 2026 is the opening of the filing season and taxpayers have until Wednesday, April 15, 2026, to file their 2025 tax returns.
When preparing to file taxes, keep an eye out for scams
Tax season is a busy time for criminals as they ramp up efforts to trick people into sharing sensitive personal information. Identity thieves might use this information to try filing false tax returns and stealing refunds.
The Taxpayer Bill of Rights: Providing fundamental protection for all taxpayers
By law, all taxpayers have fundamental rights when they’re interacting with the IRS. It’s important that all taxpayers know and understand their rights.
Prepare to file in 2026: Get Ready for tax season with key updates, essential tips
With the 2026 filing season quickly approaching, the Internal Revenue Service is urging taxpayers to take a few simple steps now to prepare for filing their 2025 federal income tax returns.
Treasury, IRS provide guidance on the new deduction for car loan interest under the One, Big, Beautiful Bill
To help taxpayers take advantage of this new tax benefit, today’s guidance addresses important eligibility criteria.
IRS sets 2026 business standard mileage rate at 72.5 cents per mile, up 2.5 cents
The Internal Revenue Service today announced that the optional standard mileage rate for business use of automobiles.