by Tracy Sanda | Jan 26, 2026 | Internal Revenue Service, Tax
Accurate documentation is essential when claiming charitable contributions on your tax return. The IRS requires specific records depending on the type and value of your donations. Maintaining proper records ensures your contributions are deductible and helps you avoid...
by Tracy Sanda | Jan 20, 2026 | Internal Revenue Service, Tax
Qualified Charitable Distributions (QCDs) are a tax-efficient way for eligible IRA owners to support charitable organizations while managing taxable income. Individuals who are age 70½ or older may donate up to $108,000 in 2025 directly from a traditional IRA to a...
by Tracy Sanda | Dec 1, 2025 | Accounting, Tax
New Tax Laws Affecting Social Security Benefits in 2025 Recent tax legislation has introduced changes that may impact how Social Security benefits are taxed—especially for seniors with lower to moderate incomes. While the core rules around taxation of Social Security...
by Tracy Sanda | Nov 17, 2025 | Accounting, Tax
Key Tax Changes for 2025: What Small Business Owners Need to Know Some big tax updates are coming in 2025 that can help small and mid-sized businesses save money—especially when it comes to buying equipment, investing in growth, and planning for taxes. Here’s what you...
by Tracy Sanda | Nov 10, 2025 | Accounting, Tax
2025 Tax Changes: What the Bigger Standard Deduction Means for You The new tax law—officially known as the One Big Beautiful Bill Act (OBBBA)—brings several important updates starting in 2025. One of the biggest changes? A significantly larger standard deduction,...
