Tax Planning

Track Charitable Donations Now to Protect Your Tax Deduction

Good records can help taxpayers claim eligible charitable deductions and avoid filing delays. Save receipts for cash gifts, verify qualified charities, document donated property, and obtain written acknowledgments for contributions of $250 or more.
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Tax Planning

Mid-Year Tax Check: Stay Ready for Filing Season

Mid-year is a smart time to review tax records, filing status, adjusted gross income, withholding, address/name changes and retirement savings so taxpayers can avoid surprises and stay prepared for the next filing season with less stress at tax time.
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Tax News

IRS Updates Tax Withholding Estimator for OBBA Changes

The IRS has updated its Tax Withholding Estimator to incorporate major changes from the One, Big, Beautiful Bill, including no tax on tips or overtime. The tool helps taxpayers adjust withholding accurately and avoid surprises at tax time.
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Tax Planning

2026 Charitable Giving: New Rules and Smart Tax Strategies

New rules for 2026 change how deductions for charitable giving work for both itemizers and non‑itemizers. Updated limits, substantiation requirements, and special giving strategies can help you reduce taxes and support the causes you care about.
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Tax News

Dirty Dozen Tax Scams for 2026: What Taxpayers Must Watch For

The IRS released its 2026 Dirty Dozen list, highlighting the top tax scams threatening taxpayers, businesses, and professionals. From impersonation schemes to abusive credit claims, the agency urges vigilance and year‑round caution.
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Tax Law

New IRS Guidance on the Car Loan Interest Deduction

The IRS has released proposed regulations about deducting interest on new car loans for made‑in‑America vehicles purchased after 12/31/24. The guidance outlines eligibility rules, lender reporting requirements and the annual $10,000 deduction limit.
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Tax Law

Tax-Free Tips & Overtime: What Workers Need to Know

New IRS rules eliminate federal income tax on tips and allow a deduction for the overtime portion above regular pay. Workers can benefit from tax-free tips and a deduction of up to $12,500 ($25,000 joint) for qualified overtime from 2025–2028.
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Tax News

Upcoming IRS Changes to Refunds & Tax Payments

This mandate will transition most payments to and from the federal government to electronic methods starting with the 2026 filing season. Refunds, tax payments, and other federal transactions will move forward faster with more secure digital options.
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General

New USPS Postmark Rule May Affect Your 2026 Tax Deadlines

A new USPS rule assigns postmark dates to the first automated processing scan, not when mail is dropped off. This increases the risk of late tax filings, payments, and year‑end donations, making early or electronic filing essential.
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Tax News

Is that the IRS contacting you – or is it a scam?

Thousands of people have lost millions of dollars and their personal information to tax scams. Scammers use high-tech and low-tech means to set up individuals, businesses, payroll and tax professionals. Be on guard against these imposters.
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