Category: Tax
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Tax Season’s Final Push: Extensions, Deadlines, and What Comes Next
512 Calls In, 648 Calls Out: Inside Tax Season’s Final Week Last week’s call volume tells the story—512 incoming calls and 648 outgoing calls is exactly what the final stretch of tax season looks like in a busy office. As we move toward the filing deadline, the pace shifts from preparation to execution. Returns that…
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USPS Postmark Changes Could Impact Tax Filing Deadlines
For decades, taxpayers have relied on one simple rule when mailing tax returns or payments: if it’s postmarked by the due date, it’s considered timely filed. That principle—known as the “timely mailing equals timely filing” rule under the Internal Revenue Code—has long provided a safety net for last-minute filers. However, operational changes within the United…
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Active-Duty Military and Alabama Taxes
For military families stationed in North Alabama—especially around Huntsville and Redstone Arsenal—state taxes can be confusing. We regularly see service members and spouses paying Alabama tax they don’t actually owe. Here’s what you need to know. 🎖️ The Big Rule: Your Home State Controls Military Taxation Under the Servicemembers Civil Relief Act (SCRA), active-duty military…
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How to Open Initial Trump Accounts
he Department of the Treasury and the Internal Revenue Service today issued proposed regulations providing general requirements for Trump Accounts, certain definitions relating to Trump Accounts, election rules to open an initial Trump Account by an authorized individual for an eligible individual, and rules for who is the responsible party for the initial Trump Account once the…
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New and Enhanced Deductions for Individuals
There are several new tax deductions that have been introduced for the 2026 filing season. A deduction is an amount subtracted from the taxpayer’s income when filing. Deductions lower the taxable income resulting in lowering the federal income tax obligation. New deductions for 2026 filing season All new or enhanced deductions are available for both…
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2025 mileage rates
The standard mileage rates for 2025 are: Find out when you can deduct vehicle mileage Mileage rates for all years (cents/mile) Period Business use Charity use Medical or military moving Source 2025 70 14 21 IR-2024-312 2024 67 14 21 IR-2023-239 2023 65.5 14 22 IR-2022-234 7/1/2022-12/31/2022 62.5 14 22 IR-2022-124 1/1/2022-6/30/2022 58.5 14 18…
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Adoption Tax Credit
Improvements to the Adoption Tax Credit make adoption more affordable Taxpayers who finalized an adoption in 2025 or started the adoption process before 2025, may qualify for the Adoption Tax Credit. Additionally, there have been significant changes to the tax credit under the One, Big, Beautiful Bill. Here’s an overview of the credit and eligibility,…
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That Pesky Form 1099-K
IRS issues FAQs on Form 1099-K threshold under the One, Big, Beautiful Bill; dollar limit reverts to $20,000 The Internal Revenue Service today issued frequently asked questions in Fact Sheet 2025-08 regarding the dollar threshold for filing Form 1099-K under the One, Big, Beautiful Bill. The OBBB retroactively reinstated the reporting threshold in effect prior…

