by Lori Bowden | Nov 25, 2025 | Individuals, Tax
With the passing of the One Big Beautiful Bill Act (OBBBA), the Federal Reserve cutting interest rates, and inflation showing signs of moderating, tax planning remains as important as ever for taxpayers seeking to manage cash flows and reduce their tax liabilities...
by Lori Bowden | Nov 3, 2025 | Individuals, Newsletter, Tax
Even during the last two months of the year, you can take steps to reduce your 2025 tax liability. Here are five practical strategies to consider. 1. Use Bunching to Maximize Deductions If your itemized deductions are close to the standard deduction, consider a...
by Lori Bowden | Oct 4, 2025 | Business, Individuals, Newsletter, Tax
As of September 30, 2025, the IRS officially discontinued most paper checks—both for making tax payments and for receiving tax refunds. That means paper checks are no longer a payment or refund option for most taxpayers. If you haven’t already switched to electronic...
by Lori Bowden | Oct 3, 2025 | Individuals, Newsletter, Tax
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...
by Lori Bowden | Oct 1, 2025 | Individuals, Newsletter, Tax
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”...
by Lori Bowden | Sep 4, 2025 | Business, Individuals, Newsletter, Tax
If you’re a small business owner or you’re self-employed, there’s good news on the tax front. The Section 199A qualified business income (QBI) deduction, a powerful tax-saving opportunity since 2018, was initially set to expire in 2025. But thanks to the recent...
