Taxtown Inc.

01/12/2026

OPENING DAY TO FILE TAXES IS
JANUARY 26, 2026

𝐖𝐀𝐒𝐇𝐈𝐍𝐆𝐓𝐎𝐍 — 𝐓𝐡𝐞 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐥 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐚𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐝 𝐌𝐨𝐧𝐝𝐚𝐲, 𝐉𝐚𝐧𝐮𝐚𝐫𝐲 𝟐𝟔, 𝟐𝟎𝟐𝟔, 𝐚𝐬 𝐭𝐡𝐞 𝐨𝐩𝐞𝐧𝐢𝐧𝐠 𝐨𝐟 𝐭𝐡𝐞 𝐧𝐚𝐭𝐢𝐨𝐧’𝐬 𝟐𝟎𝟐𝟔 𝐟𝐢𝐥𝐢𝐧𝐠 𝐬𝐞𝐚𝐬𝐨𝐧. 𝐓𝐡𝐢𝐬 𝐲𝐞𝐚𝐫, 𝐬𝐞𝐯𝐞𝐫𝐚𝐥 𝐧𝐞𝐰 𝐭𝐚𝐱 𝐥𝐚𝐰 𝐩𝐫𝐨𝐯𝐢𝐬𝐢𝐨𝐧𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐎𝐧𝐞, 𝐁𝐢𝐠, 𝐁𝐞𝐚𝐮𝐭𝐢𝐟𝐮𝐥 𝐁𝐢𝐥𝐥 𝐛𝐞𝐜𝐨𝐦𝐞 𝐞𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞, 𝐰𝐡𝐢𝐜𝐡 𝐜𝐨𝐮𝐥𝐝 𝐢𝐦𝐩𝐚𝐜𝐭 𝐟𝐞𝐝𝐞𝐫𝐚𝐥 𝐭𝐚𝐱𝐞𝐬, 𝐜𝐫𝐞𝐝𝐢𝐭𝐬 𝐚𝐧𝐝 𝐝𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧𝐬.

𝐓𝐚𝐱𝐩𝐚𝐲𝐞𝐫𝐬 𝐡𝐚𝐯𝐞 𝐮𝐧𝐭𝐢𝐥 𝐖𝐞𝐝𝐧𝐞𝐬𝐝𝐚𝐲, 𝐀𝐩𝐫𝐢𝐥 𝟏𝟓, 𝟐𝟎𝟐𝟔

01/08/2026

Can you believe it? Another year passes and its that time when we have to tally up your pluses and minuses and settle up with everyone's most famous Uncle, Sam. Who is this guy Sam anyway....

Well as the story goes... .

𝑼𝒏𝒄𝒍𝒆 𝑺𝒂𝒎 𝒐𝒓𝒊𝒈𝒊𝒏𝒂𝒕𝒆𝒅 𝒅𝒖𝒓𝒊𝒏𝒈 𝒕𝒉𝒆 𝑾𝒂𝒓 𝒐𝒇 1812. 𝑨 𝒎𝒆𝒂𝒕 𝒑𝒂𝒄𝒌𝒆𝒓 𝒏𝒂𝒎𝒆𝒅 𝑺𝒂𝒎𝒖𝒆𝒍 𝑾𝒊𝒍𝒔𝒐𝒏 𝒇𝒓𝒐𝒎 𝑻𝒓𝒐𝒚, 𝑵𝒆𝒘 𝒀𝒐𝒓𝒌 𝒔𝒖𝒑𝒑𝒍𝒊𝒆𝒅 𝒃𝒆𝒆𝒇 𝒕𝒐 𝒕𝒉𝒆 𝑼.𝑺. 𝑨𝒓𝒎𝒚, 𝒂𝒏𝒅 𝒕𝒉𝒆 𝒃𝒂𝒓𝒓𝒆𝒍𝒔 𝒘𝒆𝒓𝒆 𝒔𝒕𝒂𝒎𝒑𝒆𝒅 "𝑼.𝑺." 𝒇𝒐𝒓 𝑼𝒏𝒊𝒕𝒆𝒅 𝑺𝒕𝒂𝒕𝒆𝒔. 𝑺𝒐𝒍𝒅𝒊𝒆𝒓𝒔 𝒋𝒐𝒌𝒊𝒏𝒈𝒍𝒚 𝒄𝒂𝒍𝒍𝒆𝒅 𝒕𝒉𝒆 𝒑𝒓𝒐𝒗𝒊𝒔𝒊𝒐𝒏𝒔 "𝑼𝒏𝒄𝒍𝒆 𝑺𝒂𝒎'𝒔," 𝒂𝒏𝒅 𝒕𝒉𝒆 𝒏𝒊𝒄𝒌𝒏𝒂𝒎𝒆 𝒈𝒓𝒂𝒅𝒖𝒂𝒍𝒍𝒚 𝒃𝒆𝒄𝒂𝒎𝒆 𝒑𝒆𝒓𝒔𝒐𝒏𝒊𝒇𝒊𝒆𝒅 𝒂𝒔 𝒂 𝒓𝒆𝒑𝒓𝒆𝒔𝒆𝒏𝒕𝒂𝒕𝒊𝒐𝒏 𝒐𝒇 𝒕𝒉𝒆 𝑼.𝑺. 𝒈𝒐𝒗𝒆𝒓𝒏𝒎𝒆𝒏𝒕 𝒊𝒕𝒔𝒆𝒍𝒇.

𝙏𝘼𝙓 𝙊𝙍𝙂𝘼𝙉𝙄𝙕𝙀𝙍𝙎 𝙒𝙄𝙇𝙇 𝘽𝙀 𝙈𝘼𝙄𝙇𝙀𝘿 𝙅𝘼𝙉𝙐𝘼𝙍𝙔 10, 2026.




Joseph Madia

09/29/2025

IR-2025-94, Sept. 23, 2025

WASHINGTON — The Internal Revenue Service, working with the U.S. Department of the Treasury, today announced that paper tax refund checks for individual taxpayers will be phased out beginning on Sept. 30, 2025, as required by Executive Order 14247, to the extent permitted by law. This marks the first step of the broader transition to electronic payments.

The IRS will publish detailed guidance for 2025 tax returns before the 2026 filing season begins. Until further notice, taxpayers should continue using existing forms and procedures, including those filing their 2024 returns on extension of a due date prior to Dec. 31, 2025.

The change is designed to
Protect taxpayers: Paper checks are over 16 times more likely to be lost, stolen, altered, or delayed than electronic payments. Direct deposit also avoids the possibility that a refund check could be returned to the IRS as undeliverable.

Speed up refunds: Electronic refunds give taxpayers faster access to refunds, with payments issued in less than 21 days if filing electronically, choosing direct deposit and there are no issues with the return, whereas nonelectronic payments may take 6 weeks or longer for refunds sent by mail.
Cut costs: Electronic payments are more efficient and cost less than paper.
What this means for individual taxpayers
Filing stays the same: Taxpayers should continue to file their returns as they normally would, using one of the existing filing options.

Refunds go digital: Most refunds will be delivered by direct deposit or other secure electronic methods.
Help for those without access to bank accounts: Options such as prepaid debit cards, digital wallets or limited exceptions will be available.
Act now: Taxpayers should make sure they know their banking information or consider opening a free or low-cost account. Visit FDIC: GetBanked and MyCreditUnion.gov for account options.
Most individual taxpayers already receive their refunds by direct deposit into their bank accounts. During the 2025 tax filing season, the IRS issued more than 93.5 million tax refunds to individual income tax filers, and 93% of those, almost 87 million refunds, were issued through direct deposit. Only 7 percent of individual refund recipients received their refunds by check through the mail.

Next steps
Executive Order 14247 also applies to payments made to the IRS. Taxpayers should continue to use existing payment options until further notice. Additional guidance and information for filing 2025 taxes will be issued prior to the 2026 filing season.

The IRS will share updated guidance on IRS.gov/modernpayments and through outreach efforts nationwide.

Executive Order 14247 establishes a government-wide directive to transition to the use of electronic transfers for disbursing federal payments and collecting funds owed to the government.

07/04/2025

IS SOCIAL SECURITY STILL TAXABLE UNDER THE ONE BIG BEAUTIFUL BILL: YES

📢 IMPORTANT CLARIFICATION: Social Security Taxation Under the New Tax LawDespite headlines claiming "no tax on Social Security," the new law does NOT eliminate Social Security taxation. Here's what it actually does:✅ What's Real: Seniors get a $6,000 tax deduction (2025-2028) ✅ The Effect: Less of your Social Security may be taxable, depending on your other income ❌ What's NOT True: Social Security taxation rules haven't changed, Bottom Line: If you currently pay tax on Social Security, you'll likely pay less (or possibly none), but the tax wasn't eliminated - just the threshold was effectively raised by about $6,000.

09/19/2024

01/12/2024

TAX TIME? IT'S HERE ALREADY?

START COMPILING YOUR TAX DATA, APRIL WILL BE HERE IN NO TIME 🙏

IR-2024-04, Jan. 8, 2024 — The Internal Revenue Service today announced Monday, Jan. 29, 2024, as the official start date of the nation’s 2024 tax season when the agency will begin accepting and processing 2023 tax returns.

11/01/2023

401(k) limit increases to $23,000 for 2024, IRA limit rises to $7,000...

The contribution limit for employees who participate in 401(k), 403(b), and most 457 plans, as well as the federal government's Thrift Savings Plan is increased to $23,000, up from $22,500.
The limit on annual contributions to an IRA increased to $7,000, up from $6,500. The IRA catch up contribution limit for individuals aged 50 and over was amended under the SECURE 2.0 Act of 2022 (SECURE 2.0) to include an annual cost of living adjustment but remains $1,000 for 2024.

09/01/2023

WASHINGTON — The Internal Revenue Service today announced tax relief for individuals and businesses affected by Idalia in parts of Florida. Taxpayers affected by the storm that began on Aug. 27. 2023, now have until Feb. 15, 2024, to file various individual and business tax returns and make tax payments.

Following the disaster declaration issued by the Federal Emergency Management Agency (FEMA), individuals and households affected by Idalia that reside or have a business in Alachua, Baker, Bay, Bradford, Calhoun, Charlotte, Citrus, Clay, Collier, Columbia, DeSoto, Dixie, Duval, Flagler, Franklin, Gadsden, Gilchrist, Gulf, Hamilton, Hardee, Hernando, Hillsborough, Jefferson, Lafayette, Lake, LEE, Leon, Levy, Liberty, Madison, Manatee, Marion, Nassau, Pasco, Pinellas, Polk, Putnam, Sarasota, Seminole, St. Johns, Sumter, Suwannee, Taylor, Union, Volusia and Wakulla counties in Florida qualify for tax relief. The declaration permits the IRS to postpone certain tax-filing and tax-payment deadlines for taxpayers who reside or have a business in the disaster area. For instance, certain deadlines falling on or after Aug. 27, 2023, and before Feb. 15, 2024, are granted additional time to file.

As a result, affected individuals and businesses will have until Feb. 15, 2024, to file returns and pay any taxes that were originally due during this period. This includes 2022 individual income tax returns due on Oct. 16, 2023. The IRS noted, however, that because tax payments related to these 2022 returns were due on April 18, 2023, those payments are not eligible for this relief.

The Feb. 15, 2024, deadline also applies to quarterly estimated tax payments, normally due on Sept. 15, 2023 and Jan. 16, 2024. In addition, businesses with an original or extended due date including, among others, calendar-year partnerships and S corporations whose 2022 extensions run out on Sept. 15, 2023 and calendar-year corporations whose 2022 extensions run out on Oct. 16, 2023, also qualify for the Feb. 15, 2024 deadline. Penalties on payroll and excise tax deposits due on or after Aug. 27, 2023, and before Sept. 11, 2023, will be abated as long as the tax deposits are made by Sept. 11, 2023.

If an affected taxpayer receives a late filing or late payment penalty notice from the IRS that has an original or extended filing, payment or deposit due date that falls within the postponement period, the taxpayer should call the telephone number on the notice to have the IRS abate the penalty.

The IRS automatically identifies taxpayers located in the covered disaster area and applies filing and payment relief. But affected taxpayers who reside or have a business located outside the covered disaster area should call the IRS disaster hotline at 866-562-5227 to request this tax relief.

Covered Disaster Area
The localities listed above constitute a covered disaster area for purposes of Treas. Reg. §301.7508A-1(d)(2) and are entitled to the relief detailed below.

02/15/2022

IRS resources to help taxpayers through all stages of the filing process

COVID Tax Tip 2022-25, February 15, 2022 — Now that the filing season has begun, the IRS reminds taxpayers that IRS online tools and resources provide the fastest way to get information and answers they need to file their federal tax returns. IRS.gov tools are easy to use and available 24 hours a ...