Syverson Tax Service

04/30/2026

A little later than usual getting this posted this year… but honestly, that just speaks to how busy this season was! The last couple of weeks were especially full, and even after the deadline I’ve had a steady stream of calls and messages from clients needing help.

Now that things have finally slowed down enough to catch my breath, I wanted to share my annual tax season stats and say THANK YOU to all of you who trusted me with your returns this year. I truly appreciate every single one of you!

Total Returns: 737
New Clients: 170
Total Child Tax Credit Claimed: $1,026,125
Number of returns with refunds: 561
Total amount of refunds from Federal: $1,618,127
Number of returns with balance due: 176
Total amount due to Federal: $768,808
Number of states filed in: 18

Again, thank you to everyone who refers me to your friends and families, and who continue to come back year after year... it is because of all of you that I have been able to make this business what it is today.

I will be sending out your property tax return info in the coming weeks.

03/30/2026

We are heading into the home stretch of the 2026 filing season. Only a couple weeks left. If you still need an appointment get it booked now, my remaining spots are filling up fast!

03/04/2026

Tax Season Update 📣

First, I just want to say THANK YOU to all of my amazing clients. This tax season has been incredibly busy, (over 350 returns already!) and I truly appreciate the trust you place in me to handle your returns.

With the high volume of filings — and being under the weather the past couple of days — I’m currently a little behind on reviewing returns, returning voicemails, and responding to emails. I promise I am working through everything as quickly and thoroughly as possible.

If you’re waiting to hear from me, please know you have not been forgotten. 😊 I’m giving each return the time and attention it deserves, and I’ll be in touch soon.

Thank you so much for your patience and understanding — it truly means a lot during this busy season!

Send a message to learn more

02/05/2026

My mom gave me this today! Seems about right.

01/18/2026

Been a busy couple weeks getting ready for tax season! Letters are out, supplies are stocked, software is downloaded, files are labeled! And to top it all off, the archery jerseys came in and look who's on there!!

I am already filling up fast, so if you haven't scheduled yet make sure to get a time on my calendar!! Www.syversontax.com

01/10/2026

No Tax on Car Loan Interest”

Buy a new car this year? You may be eligible for a new tax deduction for the interest on the car loan. See below for more information on this change.

Effective for 2025 through 2028, individuals may deduct interest paid on a loan used to purchase a qualified vehicle, provided the vehicle is purchased for personal use and meets other eligibility criteria. (Lease payments do not qualify.)

Maximum annual deduction is $10,000.

Deduction phases out for taxpayers with modified adjusted gross income over $100,000 ($200,000 for joint filers).

Qualified interest: To qualify for the deduction, the interest must be paid on a loan that is:
* originated after December 31, 2024,
* used to purchase a vehicle, the original use of which starts with the taxpayer (used vehicles do not qualify),
* for a personal use vehicle (not for business or commercial use) and
* secured by a lien on the vehicle.
If a qualifying vehicle loan is later refinanced, interest paid on the refinanced amount is generally eligible for the deduction.

Qualified vehicle: A qualified vehicle is a car, minivan, van, SUV, pick-up truck or motorcycle, with a gross vehicle weight rating of less than 14,000 pounds, and that has undergone final assembly in the United States.

Final assembly in the United States: The location of final assembly will be listed on the vehicle information label attached to each vehicle on a dealer's premises. Alternatively, taxpayers may rely on the vehicle’s plant of manufacture as reported in the vehicle identification number (VIN) to determine whether a vehicle has undergone final assembly in the United States.

The taxpayer must include the Vehicle Identification Number (VIN) of the qualified vehicle on the tax return for any year in which the deduction is claimed.

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01/09/2026

Deduction for Seniors
Seniors (those over 65) may qualify for an extra $6000 deduction this year. See below for more information on this.

Effective for 2025 through 2028, individuals who are age 65 and older may claim an additional deduction of $6,000. This new deduction is in addition to the current additional standard deduction for seniors under existing law.

The $6,000 senior deduction is per eligible individual (i.e., $12,000 total for a married couple where both spouses qualify).

Deduction phases out for taxpayers with modified adjusted gross income over $75,000 ($150,000 for joint filers).

Qualifying taxpayers: To qualify for the additional deduction, a taxpayer must attain age 65 on or before the last day of the taxable year.

Taxpayer eligibility: Deduction is available for both itemizing and non-itemizing taxpayers.

Taxpayers must:
include the Social Security Number of the qualifying individual(s) on the return, and file jointly if married, to claim the deduction.

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01/08/2026

No Tax on Tips”

Another change this year is the no tax on tips. Just as with the "no tax on overtime" there are eligibility requirements. See below for the IRS statement on who is eligible.

Effective for 2025 through 2028, employees and self-employed individuals may deduct qualified tips received in occupations that are listed by the IRS as customarily and regularly receiving tips on or before December 31, 2024, and that are reported on a Form W-2, Form 1099, or other specified statement furnished to the individual or reported directly by the individual on Form 4137.

“Qualified tips” are voluntary cash or charged tips received from customers or through tip sharing.

Maximum annual deduction is $25,000; for self-employed, deduction may not exceed individual’s net income (without regard to this deduction) from the trade or business in which the tips were earned.

Deduction phases out for taxpayers with modified adjusted gross income over $150,000 ($300,000 for joint filers).

Self-employed individuals in a Specified Service Trade or Business (SSTB) under section 199A are not eligible. Employees whose employer is in an SSTB also are not eligible.

Taxpayers must:
include their Social Security Number on the return and
file jointly if married, to claim the deduction.

Reporting: Employers and other payors must file information returns with the IRS (or SSA) and furnish statements to taxpayers showing certain cash tips received and the occupation of the tip recipient.

For a list of occupations considered an SSTB see:

A comprehensive Federal, State & International tax resource that you can trust to provide you with answers to your most important tax questions.

01/07/2026

No Tax on Overtime...

You may have heard that you no longer have to pay tax on overtime. While this is technically true, not everyone will be eligible for this tax deduction. Below is information from the IRS on how to qualify:

Effective for 2025 through 2028, individuals who receive qualified overtime compensation may deduct the pay that exceeds their regular rate of pay – such as the “half” portion of “time-and-a-half” compensation -- that is required by the Fair Labor Standards Act (FLSA) and that is reported on a Form W-2, Form 1099, or other specified statement furnished to the individual.

Maximum annual deduction is $12,500 ($25,000 for joint filers).
Deduction phases out for taxpayers with modified adjusted gross income over $150,000 ($300,000 for joint filers).

Taxpayer eligibility: Deduction is available for both itemizing and non-itemizing taxpayers.

Taxpayers must:
include their Social Security Number on the return and
file jointly if married, to claim the deduction.

Reporting: Employers and other payors are required to file information returns with the IRS (or SSA) and furnish statements to taxpayers showing the total amount of qualified overtime compensation paid during the year.

If you think you qualify for this deduction, make sure you bring in your last paystub for the year that shows how much overtime you worked and what your pay rate is!

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01/06/2026

The Big Beautiful Bill...

There are a few changes this year, namely, the new "Big Beautiful Bill".
The major items of note with this bill are:
* No Tax on overtime
* No Tax on tips
* $6,000 deduction for seniors
* Deductible car loan interest

Stay tuned over the next few days to learn a little bit about each of these changes, how they may affect you, and what you need to claim the credits if you are eligible.

Send a message to learn more