A Change in Marital Status Affects Tax Filing

No Tax on Tips? Under the OBBBA, workers in tipped occupations can now deduct up to $25,000 in qualified tip income on federal taxes.

Starting January 1st, 2026, the federal estate, gift, and Generation Skipping Transfer exemption jumps to $15 million per person/$30 million per married couple.

The IRS is reminding individuals and businesses to safeguard important documents before disaster strikes. Being prepared can make all the difference when it comes to tax relief, insurance claims, and federal assistance.

Did you know you can claim a tax deduction for your home office if it's used exclusively for business? There are two ways to do this—Simplified and Regular—but the regular method may offer bigger savings. Not sure which method is right for you? Learn more about how to calculate and maximize your home office tax deductions.

Are you a homeowner looking to maximize your tax benefits? Learn about the $10,000 limit, itemizing deductions, and the Mortgage Interest Credit for lower-income taxpayers. Plus, discover what expenses you can't deduct, like insurance and utilities.

Attention Employers and Business Owners – The IRS has issued a crucial reminder… January 31, 2024 is the filing deadline for wage statements and independent contractor forms. Don’t risk penalties or delays — stay informed here!