RL Jennings & Associates, PC

05/02/2026

Ed Zurndorfer discusses a major tax rule changes that will likely affect the charitable giving strategies for many federal employees and retirees — for those that itemize their deductions and those who don't. Tips and practical examples are included

05/01/2026

The order could be a game changer for millions of lower-income Americans — it has a surprising amount of bipartisan support.

04/08/2026

One woman said her refund was over $10,000.

03/17/2026

Millions of Americans could qualify for a refund from the Internal Revenue Service stemming from the COVID-19 pandemic.

03/07/2026

Really good chocolates

Bonbons is excited to announce that we are joining Westside Marketplace in Roswell on March 1. Details to follow.
Here is our new menu of what we are offering at this location.

03/01/2026

President Donald Trump's tax and spending bill added the no tax on overtime deduction for 2025 federal returns, but it can be tricky to claim.

03/01/2026

She didn’t intend to evade taxes when she hired the accountant in 1993, but she’s still on the hook for his actions.

03/01/2026

A proposed rule keeps the status quo for independent contractor truck drivers mostly intact, but one minor tweak is good news for owner-operators.

01/26/2026

Office is up and running.

01/23/2026

New Car Loan Interest Deduction:
The OBBBA introduces a temporary tax deduction for interest paid on loans used to purchase new personal-use passenger vehicles, effective for tax years 2025 through 2028.

Taxpayers may deduct up to $10,000 of car loan interest per year, regardless of whether they itemize deductions or claim the standard deduction.

This deduction excludes qualified vehicle loan interest from the definition of “personal interest” under §163(h).

This provision applies only to qualified indebtedness incurred
after December 31, 2024.

The vehicle must be new, intended for personal use, and originally placed in service by the taxpayer.

Eligible vehicles include cars, SUVs, pickup trucks, vans, minivans, and motorcycles with a gross vehicle weight rating under 14,000 pounds. Additionally, the vehicle must have had its final assembly in the United States.

Taxpayers are required to report the vehicle identification number (VIN) on their tax return to claim the deduction.

Lastly, lenders are required to file information returns with the IRS, reporting interest received on qualified personal auto loans.

07/28/2025

Brief Summary of Big Beautiful Bill:
Trump Accounts
• For children born 1/1/2025 to 12/31/2028 government will make a onetime deposit of $1,000 similar to IRAs
• Are for education and retirement
• Additional deposits up to $5,000 per year can be made by parents.
529 plans
• Up to $20,000 can be contributed per year
• Can be used K-12 now
• Can be used for certain credentials now
• Adoption credit
• Starting 01/01/25 up to $5,000 of adoption credit is refundable.
Alternative Minimum Tax
• Exemption made permanent, will
• be inflation adjusted
Estate and Gift Tax
• Estate exemption raised to $15 million starting in 2026, will be inflation adjusted.
Casualty losses
• Will be tied to federal and state declared disaster areas.
Green Energy Credits
• After 9/30/25, clean vehicle credits are repealed.
• After 12/31/2025, energy efficient home credits are repealed.
Tax credit for contributions to scholarship-granting organizations (SGO)
• For K-12 students contributions made to SGO can generate a federal tax credit $1,700 per taxpayer.
Health Savings Account
• HSA are allowed with Bronze Health plans now.