Tax Season Is Coming, Here’s What to Know
Tax time is just around the corner, and if you are like most taxpayers, you are probably facing the ominous chore of compiling records in preparation for your tax appointment—whether in person, by videoconference or telephone. The difficulty of this task depends upon how well you maintained your tax records throughout the year. No matter […]
Someone Is Suing the IRS to Claim Their Dog as a Dependent (and the Case Is Real)
If you’ve ever looked at your pet’s annual vet bills, grooming costs, daycare fees, and specialty food receipts and thought, “This creature is absolutely my dependent,” you’re not alone. In fact, one attorney is trying to make that argument in federal court. In December 2025, New York attorney Amanda Reynolds filed a lawsuit against the IRS, asking the court to […]
Navigating 2025’s Game-Changing Tax Reforms for Individuals and Businesses
With tax season upon us, taxpayers across the nation are trying to grasp the many tax changes for 2025. Central to these transformations is the One Big Beautiful Bill Act (OBBBA), a comprehensive tax reform. This pivotal legislation introduces a range of changes that will directly impact virtually everyone’s tax return—whether a working individual, a […]
2026 Standard Mileage Rates Announced
As it does every year, the Internal Revenue Service recently announced the inflation- adjusted 2026 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. Beginning on Jan. 1, 2026, the standard mileage rates for the use of a car (or a van, pickup […]
2026 Tourist Taxes Americans Should Expect Abroad
If you’re dreaming about London, Paris, or a Mediterranean cruise in 2026, there’s a new line item you’ll want to watch for on your receipts: tourist taxes. Around the world, governments are leaning on visitor levies and entry fees to fund infrastructure, preserve historic sites, and manage crowds—and several of the most headline-grabbing changes are […]
Big Changes for Pension Catch-up Contributions
Individuals age 50 and over can make additional annual “catch-up” contributions to salary reduction plans including401(k) Deferred Compensation plans, 403(b) TSA plans, 457(b) Government plans and SIMPLE plans. Age 50+ Catch-ups: For 401(k), 403(b) and 457(b) plans, the age 50 and over catch-up contributions, for plans that offer them, has been $7,500 for years 2023 […]
January 2026 Individual Due Date
New year, new deadlines. January 2026 includes important individual tax due dates for estimated payments, tip reporting, and tax planning. Review what’s due and plan ahead. January 2 – Time to Call For Your Tax Appointment – January is the beginning of tax season. If you have not made an appointment to have your taxes […]