A & H Financial Services, LLC

01/08/2026

The announced Monday, January 26, 2026, as the opening of the nation’s 2026 filing season. You will have until Wednesday, April 15, 2026, to file your 2025 tax returns and pay any tax due. Don’t forget that IRS.gov has online tools and resources you can use before, during and after filing your federal tax return. For a list of filing season tools, reminders and resources, read: https://ow.ly/1yqq50XTweL

12/28/2025

Another potential tax deduction for tax year 2025

https://www.facebook.com/share/1FqhMXWhQj/?mibextid=wwXIfr

Did you buy a new car in 2025? If it was built in the U.S., you can now deduct up to $10,000 in car loan interest from your federal taxes.

You can take this deduction even if you take the Standard Deduction. It directly lowers your Adjusted Gross Income (AGI), which can help you qualify for other tax credits (like the Child Tax Credit) that are income-dependent.

The "American" Digits: If your VIN starts with a 1, 4, 5, or 7, your car was assembled in the United States.

The deduction phases out if you make over $100k (Single) or $200k (Married). You don't need a business! This is for your personal use - your family SUV, or your personal truck.

12/21/2025

Some provisions apply broadly, whether you itemize or not. But the biggest shifts still happen where itemized deductions come into play.

11/03/2025

The One, Big, Beautiful Bill Act has a significant effect on your taxes, credits and deductions.