Tax Filing Season Coming Soon

January 9, 2026
The Internal Revenue Service (IRS) announced that the 2026 filing season will open on January 26, 2026, and encouraged individuals to take steps now to prepare for filing their 2025 federal income tax returns...

Charitable Planning in 2026

January 2, 2026
A new year provides an excellent opportunity to consider plans for charitable gifts in 2026. There are a few new rules in 2026 that donors should be aware of related to charitable giving stemming from the One Big Beautiful Bill Act of 2025 (OBBBA). ...

IRS Ends Direct File Program

December 26, 2025
The Treasury’s Report on the Replacement of Direct File was publicly released on November 5. Direct File was launched as a limited pilot program in 2024 and allowed residents in participating states to directly file tax returns through the Internal Revenue Service (IRS)...

USPS Changes Rules for December 31 Gifts by Mail

December 19, 2025
Each year, millions of donors mail end-of-year gifts to their favorite charities, often sending their checks on December 30 or December 31...

IRA Required Minimum Distributions By December 31

December 12, 2025
The Internal Revenue Service (IRS) reminds taxpayers who turned 73 in 2025 that they should take a required minimum distribution (RMD) by December 31...

Passage of the IRS Math and Taxpayer Help Act

December 5, 2025
On December 1, the Internal Revenue Service (IRS) Math and Taxpayer Help Act (H.R. 998) was signed into law. The new law aims to assist taxpayers by requiring the IRS to explain math and clerical errors found on tax returns and include a computation of the adjustments required to correct...

2026 Tax Filing Season is Fast Approaching

November 28, 2025
The Internal Revenue Service (IRS) reminded taxpayers that the 2026 filing season is rapidly approaching. The IRS encourages taxpayers to take steps to ensure they can file promptly and accurately for the upcoming season...

Additional IRS Guidance for "No Tax on Tips" and Overtime Deductions

November 21, 2025
On November 21, the Internal Revenue Service (IRS) and the Department of Treasury published additional guidance to assist taxpayers planning to claim a deduction for qualified tips or qualified overtime compensation for tax year 2025...

How to Make an IRA Gift to Charity

November 14, 2025
Each year the Internal Revenue Service (IRS) reminds traditional IRAs owners who are over 70½ that they may make a charitable gift from their IRA...

"No Tax on Tips" and Overtime Penalty Relief for 2025

November 7, 2025
On November 5, the Internal Revenue Service (IRS) and the Department of Treasury published guidance providing penalty relief to employers and taxpayers for tax year 2025...

Benefits of Bunching Charitable Gifts in 2025

October 31, 2025
With the doubling of the standard deduction made permanent by the One Big Beautiful Bill Act (OBBBA), the number of taxpayers who itemize deductions will continue to be limited...

Social Security Increases by 2.8%

October 24, 2025
The Social Security Administration recently announced the cost-of-living adjustment (COLA) for 2026. The announcement was delayed from the originally scheduled release date of October 15 to October 24. The 2.8% increase was in line with economists’ estimates. ...

Maximize Your Benefits with an IRA Charitable Gift

October 17, 2025
October is a great month to consider an IRA charitable gift in 2025. A charitable gift from an IRA could reduce or eliminate income tax on your 2025 tax return...

Passwords Can Protect Data from Identity Thieves

October 10, 2025
There will soon be major promotions by online companies for the upcoming holiday shopping season. The holiday season is a prime opportunity for identity thieves to target consumers. With the growth of online shopping, millions of individuals are potentially exposed to online fraudsters. The first line of defense against online...

Volunteers Needed for VITA and TCE

October 3, 2025
The Internal Revenue Service (IRS) has announced that it is seeking individuals to volunteer with the Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) programs...

Who Qualifies for No Tax on Tips?

September 26, 2025
In a September 24 article published by the National Taxpayers Union Foundation (NTUF), there is an explanation of the "no tax on tips" provision. This deduction was passed in the One Big Beautiful Bill Act (OBBBA). The NTUF article suggests this tax deduction will benefit a substantial number of individuals...

IRS Online Shopping Security Tips

September 19, 2025
Each year the Internal Revenue Service (IRS) offers safety tips for online shoppers. With many online stores offering their versions of “Cyber” holidays and other online specials, millions of shoppers can benefit from knowing how to protect themselves from cybercriminals...

IRS Tips on Charitable Giving

September 12, 2025
As taxpayers consider their gifts in 2025, the Internal Revenue Service (IRS) offers seven charitable giving tips. The IRS reminds taxpayers that giving money or goods to a tax-exempt organization before the end of the year can usually be deducted on that year’s federal income tax return. These seven tips...

No Tax on Tips for 68 Jobs

September 5, 2025
On September 2, the U.S. Department of Treasury published a preliminary list of 68 jobs that qualify for the “No Tax on Tips” deduction. The One Big Beautiful Bill Act (OBBBA) created a $25,000 deduction for tipped income...

Last Month For EV Credit

August 29, 2025
The tax credit for electric vehicles (EVs) will be available until September 30, 2025. The One Big Beautiful Bill Act (OBBBA) repeals the EV credit after that date. The credit for new EVs is up to $7,500, while the credit for a used EV is limited to a maximum of...