Beginning Sept. 30, 2025, the federal government will generally no longer issue paper checks, including those for tax refunds, Social Security benefits and more. Also, certain federal agencies, such as the IRS and the Dept. of Labor (DOL), will generally stop accepting payments by paper check. This is part of a program to modernize payments, […]
Say Goodbye to Paper Checks Read More »
Depending on your situation, you may be able to claim certain medical expenses as deductions on your tax return. However, you must itemize deductions, and having enough expenses to qualify can be challenging. Here are five tips to keep in mind: 1. Consider “bunching” expenses. You can only deduct unreimbursed medical costs that exceed 7.5% of
Tax Breaks for Medical Expenses Read More »
The One Big Beautiful Bill Act (OBBBA) introduces a range of tax changes that will impact businesses. Many provisions set to expire this year are now being extended or made permanent. Below is a snapshot of two important changes to help you with tax planning in the fourth quarter of 2025 and going forward. How
2 Important Changes for Businesses under the New Tax Law Read More »
The One Big Beautiful Bill Act (OBBBA), enacted on July 4, will allow more taxpayers to fully deduct their state and local tax (SALT) expenses (including property tax). Here are the details. SALT Deduction Expanded Under the Tax Cuts and Jobs Act, the itemized deduction for SALT was limited to $10,000 ($5,000 for married individuals
Enhanced SALT Tax Break Will Help Many Homeowners Read More »
Office Closure Notice: Our office will be closed from Friday, June 26th through Monday, July 6th for office refurbishment and a mid-year break. We will resume operations on Tuesday, July 7th and be available by phone and email; however, our office will remain closed to client visits through Monday, July 13th.