Tag: taxes
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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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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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One Big Beautiful Bill Act
One Big Beautiful Bill Act: Tax deductions for Working Americans and Seniors FS-2025-03, July 14, 2025 Below are descriptions of new provisions from the One Big Beautiful Bill Act, signed into law on July 4, 2025, as Public Law 119-21, that go into effect for 2025. No Tax on Tips New deduction: Effective for 2025…
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Disaster Victims in 9 States have Automatic Extensions
IRS reminder: Disaster victims in nine states have automatic extensions to file and pay their 2024 taxes WASHINGTON — The Internal Revenue Service today reminds individuals and businesses in areas covered by 2024 disaster declarations that their 2024 federal income tax returns and tax payments for tax year 2024 are due on Thursday, May 1,…
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Tax News
As of February 2025, several significant tax law changes are under consideration or have been implemented across various jurisdictions: United States International Developments These developments reflect ongoing debates and legislative efforts aimed at overhauling tax systems to address economic disparities, revenue needs, and social equity concerns.
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IRS announces Jan. 27 Start to 2025 Tax Filing Season
The IRS expects more than 140 million individual tax returns for tax year 2024 to be filed ahead of the Tuesday, April 15 federal deadline. More than half of all tax returns are expected to be filed this year with the help of a tax professional, and the IRS urges people to use a trusted tax…
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Taxpayer Bill of Rights
By law, all taxpayers have the right to finality of federal tax matters Taxpayers have the right to finality when working with the IRS. For example, taxpayers have the right to know when the IRS has finished an audit. This is one of 10 basic rights, known collectively as the Taxpayer Bill of Rights. Here’s what…
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We Want to File Your Taxes
Although we are out of appointment slots, we can still file your taxes. Call the office and ask for us to file an extension. We will review your file and call you to discuss if we think you should pay an estimate electronically by direct debit with the extension. We had more than 1,000 calls…
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Understanding Tax Filing Statuses
A Comprehensive Guide Tax season can be a time of complexity and confusion, with various forms, deductions, credits, and especially filing statuses to consider. The Internal Revenue Service (IRS) categorizes taxpayers into several filing statuses, each with its eligibility criteria and tax implications. This comprehensive guide explores the different tax filing statuses available to taxpayers…