Tax Tip 10-1-2026: Estimated Taxes Aren’t Just for the Self-Employed
Typically, people who are self-employed pay their federal income tax by making estimated tax payments. However, they aren’t the only ones that may need to pay estimated tax. Federal income tax is a pay-as-you-go tax. Which means the tax must be paid as income is earned or received during the year. The two ways federal […]
Monthly Tax Tip – September 2026: What Taxpayers Should Know About Third Party Authorizations
Taxpayers can give a third party the authority to help with federal tax matters. Depending on the type of authorization, this could be a family member or friend, or a tax professional, attorney or business. There are different types of third-party authorizations with specific roles assigned. Additionally, taxpayers who want to have a third party represent them must […]
Monthly Tax Tip – August 2026: Tips for Tracking Charitable Contributions
Taxpayers who have made or plan to make charitable donations during the year should keep good records of all their contributions. Organized records can make tax filing easier and help support a deduction if it’s claimed on a federal tax return. Here are some tips to help taxpayers keep track of charitable donations: General deduction […]
Monthly Tax Tip – July 2026: Seasonal Employees
The summer months are a common time for many businesses to seek out seasonal or part-time workers. If they’re hiring help, it’s important to understand tax filing and withholding responsibilities. This can help avoid penalties while staying compliant throughout the year. Tax withholding rules for seasonal and part-time employees Seasonal and part-time employees are subject […]
Monthly Tax Tip – June 2026: Summer fun has begun! How common activities could impact the next tax return
Summer hasn’t officially started, but summertime events and happenings certainly have. Most people aren’t thinking about taxes when there’s summer fun to be had, but there’s some common activities that could impact taxpayers in the next filing season. Let’s look at a few. Summer day camp If a taxpayer is sending a child to summer […]
Monthly Tax Tip – May 2026: Your Tax Return is Filed-Ways to Check Your Refund
Taxpayers who filed their federal tax returns and are owed a refund may be wondering about the status. There are several options for people to check. A new feature in Individual Online Account lets taxpayers opt in to receive email notifications when there’s an update to their refund status. Taxpayers still have the option to check their refund status […]
Monthly Tax Tip – April 2025 – Tax Credits & Deductions for Education
The costs for continuing education can add up quickly and get expensive. There are several tax benefits such as credits and deductions that can help eligible taxpayers reduce these costs. A tax credit reduces the amount a person owes in income taxes dollar-for-dollar. Let’s look at a few of the most common ones. Education tax […]
March 2026 Tax Tip of the Month
A tax credit reduces the amount a person owes in income taxes dollar-for-dollar. Some tax credits are even refundable, meaning if a person’s tax bill is less than the amount of a refundable credit, they can get the difference back in their refund. The One, Big, Beautiful Bill has brought enhancements to some of these credits. Here’s […]
Monthly Tax Tip – February 2026
What we need from you to prepare your tax returns timely: Upload documents through the secure portal to avoid delays Early submission helps ensure timely filing and reduces the risk of extensions or penalties Return your signed engagement letter as soon as possible Submit all tax documents promptly (W-2s, 1099s, K-1s, brokerage statements, etc.) Provide […]