by Lori Bowden | Mar 1, 2026 | Individuals, Newsletter, Tax
If you or someone you know plans to mail a tax return this season, there is an important deadline you need to meet before April 15. Effective December 24, 2025, the U.S. Postal Service updated the method for determining postmark dates. The change is technical, but the...
by Lori Bowden | Feb 3, 2026 | Individuals, Newsletter
Until recently, much tax uncertainty surrounded estate planning. The Tax Cuts and Jobs Act doubled the federal gift and estate tax exemption to an inflation-adjusted $10 million, but only for 2018 through 2025. Fortunately for those with larger estates, in 2025,...
by Lori Bowden | Feb 2, 2026 | Individuals, Newsletter
You have until April 15, 2026, the tax filing deadline, to make 2025 contributions to an IRA. If you’re seeking more than the traditional mix of stocks, bonds and mutual funds, a self-directed IRA offers greater autonomy and diversification. But it also introduces...
by Lori Bowden | Jan 4, 2026 | Business, Individuals, Newsletter, Tax
If you received tips or overtime pay in 2025, you may be eligible for a new deduction when you file your income tax return. Both deductions can be claimed whether or not you itemize deductions. But various rules and limits apply. Also be aware that such income may...
by Lori Bowden | Jan 2, 2026 | Individuals, Newsletter, Tax
Here’s a sampling of some significant tax law changes going into effect this year: New charitable contribution deduction for non-itemizers for cash contributions up to $1,000 ($2,000 for married couples filing jointly) New 0.5% of adjusted gross income floor on...
by Lori Bowden | Jan 1, 2026 | Individuals, Newsletter, Tax
Starting in 2026, personal casualty loss deductions will no longer be limited to federally declared disasters. Certain state-declared disasters will also be eligible. For a disaster to qualify, the governor (or D.C. mayor) and the U.S. Treasury Secretary must agree...
