Levis Seguin CPA's

02/11/2026

Taxpayers may be able to claim a deduction for qualified tips paid to them in 2025 that are included on Form W-2, Form 1099-NEC, Form 1099-MISC, Form 1099-K, or reported directly by them on Form 4137.

“Qualified tips” are voluntary cash or charged tips received from customers or through tip sharing. The maximum annual deduction is $25,000

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

01/09/2026

01/13/2025

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.

02/23/2022

Where is my refund🤨🤨🤨

Looking for an update on what’s happening with returns and refunds during tax season? Here’s a look at what to expect and what IRS advises you to do—and not do—while you wait.

01/10/2022

https://www.irs.gov/newsroom/2022-tax-filing-season-begins-jan-24-irs-outlines-refund-timing-and-what-to-expect-in-advance-of-april-18-tax-deadline?fbclid=IwAR2ze4jtfetRUXwkMl03d4oP4D8PSfGdV0OP51yypADfOGU_1h-Ax-t0ocM

IR-2022-08, January 10, 2022 — The IRS announced that the nation's tax season will start on Monday, January 24, 2022, when the tax agency will begin accepting and processing 2021 tax year returns.

06/30/2021

Unenroll if you don’t want to get advance Child Tax Credit payments or check if you’re enrolled.

03/29/2021

SO MANY CHANGES.....If your modified adjusted gross income (AGI) is less than $150,000, the American Rescue Plan enacted on March 11, 2021, excludes from income up to $10,200 of unemployment compensation paid in 2020, which means you don’t have to pay tax on unemployment compensation of up to $10,200. If you are married, each spouse receiving unemployment compensation doesn’t have to pay tax on unemployment compensation of up to $10,200. Amounts over $10,200 for each individual are still taxable. If your modified AGI is $150,000 or more, you can’t exclude any unemployment compensation.

02/18/2021

The CARES Act allows an above-the-line deduction, allowing a write-off of up to $300 in cash donations to a qualified charity. Filers can claim it even if they take the 2020 standard deduction of $12,400 for singles or $24,800 for married couples.

02/09/2021

The Internal Revenue Service will begin accepting and processing 2020 tax year returns on February 12, 2021.

01/27/2020

The Internal Revenue Service will begin accepting and processing 2019 tax year returns today January 27, 2020.

01/06/2020

TAX SEASON IS AROUND THE CORNER. HOPE TO SEE YOU SOON!

IR-2020-02, January 6, 2020 — The Internal Revenue Service confirmed that the nation’s tax season will start for individual tax return filers on Monday, January 27, 2020, when the tax agency will begin accepting and processing 2019 tax year returns.