by admin | Jan 6, 2026 | Taxes
The Internal Revenue Service’s annual inflation adjustments are among the changes we’ll encounter in 2026. And today, the agency finally announced next year’s standard optional mileage rate amounts you can use next year to claim various deductible vehicular trips. The...
by admin | Jan 6, 2026 | Taxes
Nine states have individual income tax rate reductions taking effect: Georgia, Indiana, Kentucky, Mississippi, Montana, Nebraska, North Carolina, Oklahoma, and Ohio are all scheduled to see individual income tax rate reductions. Ohio will transition to a...
by admin | Jan 6, 2026 | Taxes
Social Security benefits are still subject to federal income tax in 2026 based on your combined income, with up to 85% potentially taxable, but new senior tax deductions might reduce the tax burden for many retirees, and some states also tax benefits. While some...
by admin | Jan 6, 2026 | Taxes
“2026 tax solutions” encompass a range of changes enacted by recent legislation (the “One Big Beautiful Bill Act”) and annual IRS inflation adjustments, which include permanently extending existing tax rates and a higher standard...
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