Recent Posts

• New Tax Rules: Income The IRS Won’t Touch In 2025October 6, 2025 - 8:31 pm

  While the OBBB tax and spending law will offer potential breaks for many, it also introduces confusion about what’s truly non-taxable. Here’s a breakdown of income the IRS won’t tax and how the new law might impact your next return.

• Major 401(k) Tax Break For Certain Earners Is Coming To An EndSeptember 29, 2025 - 7:49 pm

  The IRS has issued final regulations for a 2022 law, which will require high-earning workers aged 50 and up to make pre-tax catch-up contributions.

• Florida Braces For Health Care Changes As Obamacare Tax Credits Set To ExpireSeptember 22, 2025 - 8:55 pm

  Unless Congress steps in, the subsidies will end on December 31—leaving millions of Americans, and especially Floridians, in limbo.

• IRS Issues Urgent Warning About Social Media Tax ScamsSeptember 15, 2025 - 7:28 pm

  The IRS reports that misleading social media posts and self-proclaimed “tax experts” have caused widespread confusion, resulting in over $162 million in penalties and more than 32,000 enforcement actions.

• Workers In 68 Jobs May Soon Be Exempt from Paying Taxes On Tips — Including Some Unexpected OnesSeptember 8, 2025 - 8:42 pm

  According to the White House, the new ‘No Tax On Tips’ provision could save eligible workers around $1,300 per year. However, the value of the tax break may be limited depending on income, tip levels, and the nature of the job — particularly for those in roles not commonly associated with receiving tips.

• Important IRS Update To The $7,500 EV Tax Credit DeadlineSeptember 1, 2025 - 9:18 pm

  This adjustment will significantly ease pressure on buyers, manufacturers, and dealers by allowing more time for vehicle deliveries.

• One Big Beautiful Bill Extends Many Business-Friendly Tax ProvisionsAugust 25, 2025 - 6:31 pm

  The key provisions of the One Big Beautiful Bill Act could affect your tax planning strategy. While a few changes may increase tax liability for some, the overall impact is likely positive for many businesses.

• New Gambling ‘Phantom Taxes’ Start In 2026 – What This Means For Your Winnings And Tax BurdenAugust 18, 2025 - 8:01 pm

  Starting in 2026, thanks to a provision buried in the recently passed One Big Beautiful Bill Act, the amount of gambling losses you can deduct caps at 90%, down from the previous 100%. That means you could be taxed on income you never actually profited from — what critics are calling a “phantom tax.”