Guardian Eagle Tax & Insurance

02/12/2026

https://www.irs.gov/newsroom/one-big-beautiful-bill-act-tax-deductions-for-working-americans-and-seniors

FS-2025-03, July 14, 2025 — Provisions from the One, Big, Beautiful Bill Act, which was signed into law on July 4, 2025.

02/12/2026

“No Tax on Tips”
Individuals may deduct qualified tips received in occupations that are listed by the IRS as customarily and regularly that are reported on a Form W-2
Maximum annual deduction is $25,000
Deduction phases out for taxpayers with modified adjusted gross income over $150,000 ($300,000 for joint filers)

02/12/2026

“No Tax on Overtime”
Individuals who receive qualified overtime compensation may deduct the pay that exceeds their regular rate of pay – “half” portion of “time-and-a-half” compensation
Max deduction is $12,500 ($25,000 for joint filers).

01/23/2026

https://guardianeagleusa.com/

Trusted accounting firm in El Cajon with 19+ years of experience. Expert bookkeeping, payroll, and tax services. 2,000+ satisfied clients.

01/15/2026

As the 2026 tax season approaches, now is the perfect time to set up an Online Account. The tool allows you to access your tax information, make payments, review notices and more.
Visit www.irs.gov/account to create your Online Account today.

Check and manage your tax information with an IRS account. For personal and business taxes and tax professionals.

01/15/2026

01/07/2026

The official start date for the 2026 tax season is January 26, 2026, when the IRS will begin accepting and processing 2025 tax returns.

01/08/2024

2024 tax filing season set for January 29

12/15/2023

IRS issues standard mileage rates for 2024; mileage rate increases to 67 cents a mile, up 1.5 cents from 2023

12/19/2022

If you purchase an electric vehicle in 2022, be sure to check whether you qualify for a tax credit. See updates at www.irs.gov/pluginvehiclecreditamounts

12/15/2022

What's new and what to consider when you file TAXES in 2023:
FORM 1099-K
- If you accepted $600 or more in 2022 from a third-party payment app (Paypal, Google Pay, Venmo, Apple Pay, Zelle, Stripe, Cash App, or any other method considered a third-party network)
- 2022 Forms 1099-K must be furnished to the payee by January 31, 2023.
- What is not reported on a 1099-K? Money received as a gift or reimbursement of a share of a meal or rent should not be reported on a 1099-K. Payments should indicate whether they are personal to family and friends or a business transaction for goods and services.
-What if the information is wrong? If the information is incorrect on the 1099-K, contact the payer immediately, whose name appears in the upper left corner on the form.