High earners ages 50 and older who participate in 401(k) and 403(b) workplace retirement savings plans should note new changes to the treatment of catch-up contributions beginning in 2026. Effective Jan. 1, 2026, catch-up contributions made by individuals with wages at or exceeding $150,000 in 2025 must be made with after-tax dollars to Roth accounts. […]
Posted on April 28, 2026
by
Adam Cohen
The April tax filing deadline may be in the rearview mirror, but criminals remain hard at work inventing new and more sophisticated methods to steal taxpayers’ identities and their hard-earned financial assets. To help individuals and business owners recognize the warning signs of these crimes and avoid becoming victims, the IRS annually releases a list […]
Posted on March 26, 2026
by
Steven Rubin
The IRS has set the 2026 optional standard mileage rates taxpayers may use to determine the deductible costs of operating a motor vehicle for business, medical, charitable and moving purposes. Effective Jan.1, 2026, the rates for operating a car, van, pick-up or panel truck powered by gasoline, diesel or electricity (including hybrid vehicles) are: 72.5 […]
Posted on January 15, 2026
by
Angie Adames
Countless benefits can come from owning vacation property that taxpayers use personally for part of the year and rent to others. However, renting residential property, whether a house, apartment, room or boat, has numerous tax implications that property owners must plan for to maximize profits and minimize tax liabilities. Rental income from a personal residence […]
In this episode, Senior Manager of Tax Services Matt Ginsberg, CPA, explains the changes to specific research and experimental tax credits outlined in the OBBB.
Posted on December 11, 2025
by
Jonathan Kraes
Each year, the IRS announces the maximum amount taxpayers may contribute to their retirement savings plans adjusted for inflation. For 2026, these limits increase across all account types, giving taxpayers more opportunities to improve their financial security in retirement. Employer-Sponsored Retirement Plans Taxpayers with access to employer-sponsored retirement savings plans, such as 401(k)s, 403(b)s and […]
Posted on December 04, 2025
by
Angie Adames
In this episode, Director of Tax Services Angie Adames, CPA, shares new opportunities and some the common mistakes made by owners of rental and vacation properties.
Businesses in or relocating to California have two opportunities in 2026 to apply for more than $600 million in valuable California Competes Tax Credits (CCTC) that they may use over multiple years against the personal or corporate income taxes they pay to the state. The online application periods for fiscal year 2025-2026 are Jan. 5, […]
Social Security recipients, including senior citizens, widows and people with disabilities and special needs, will receive a 2.8 percent cost-of-living adjustment (COLA) to their benefits in 2026. The increase represents an additional $56 per month in payments for benefits that include Old-Age, Survivors, and Disability Insurance (OASDI) and Supplemental Security Income (SSI). The Social Security […]
Posted on November 20, 2025
In this episode, Director of Tax Services Christian Burgos, CMI, JD, LLM, shares details of Washington State’s new law that taxes a wide ranges of services, including advertising, software development and more.
