What are the opening hours?

Monday 9am - 3:30pm Tuesday 9am - 3:30pm Wednesday 9am - 3:30pm Thursday 9am - 3:30pm Friday 9am - 3:30pm

Punita Ahuja CPA PLLC

Home
United States
Greensboro, NC
Punita Ahuja CPA PLLC

One step solution for all business and personal tax preparation and consultancy including India taxes

Our services include -
• Tax Preparation – Individual, Partnership, S Corp and other
Business Entities.
• Payroll Tax Preparation
• Sales Tax Preparation
• New Business Set up
• Bookkeeping and Accounting Services
• Financial & Retirement Planning
• Gift tax and Estate Tax Return Preparation
• FREE Consultancy- Matters related to business, tax and accounting
• Follow up for fast Refund after tax filings

10/27/2026

TAX TIP TUESDAY: Too much ACA subsidy — or paid full price all year? Either way, Form 8962 decides.

When you enroll in Marketplace coverage, advance premium tax credits go straight to your insurer based on your estimated income. At tax time, Form 8962 reconciles that advance against the credit you actually qualified for.

- If the advance was MORE than your credit: the excess shrinks your refund or adds to your balance due.
- If it was LESS: the difference comes back as a refundable credit.
- Paid the FULL premium all year and took no advance credit? You can still claim the credit on your return — and since it's refundable, it comes back as a refund (direct deposit or a check in the mail), even if you owe no tax.

And the big change: for 2025, repayments are still capped by income. Starting with tax year 2026, that cap is gone — you owe back the full excess, no ceiling.

What to do now: update your income estimate with the Marketplace the moment it changes, and reconcile Form 8962 carefully either way.

Did you pay full price for your Marketplace plan this year? You could be leaving refund money on the table — questions welcome below.

"Proposed IRS rules (Oct 14) would tighten Premium Tax Credit eligibility and advance-payment verification starting 2027 — not final yet. If you claim the credit, keep your income docs handy for open enrollment."

10/20/2026

TAX TIP TUESDAY: Two new deductions you might be missing.

1. Senior deduction: If you're 65 or older, you can claim an extra deduction of up to $6,000 (2025-2028), phasing out above $75,000 single / $150,000 joint. It works whether you itemize or not.

2. Charitable giving: Starting in 2026, you can deduct up to $1,000 ($2,000 joint) in cash donations even if you take the standard deduction. No itemizing required.

Both are use-it-or-lose-it each year — planning your giving before December 31 is what locks in the benefit.

Are you 65 or older, or do you give to charity? Let us know in the comments if you'd like help claiming these deductions.

10/13/2026

TAX TIP TUESDAY: The SALT cap just quadrupled — should you itemize again?

The deduction for state and local taxes jumped from $10,000 to $40,000 under the new tax law.

Why it matters:
- If you have high property taxes or state income taxes, itemizing may beat the standard deduction again.
- The higher cap phases down above about $505,000 of income.
- It reverts to $10,000 in 2030 — so there's a limited planning window.

This is worth a fresh look even if you haven't itemized in years. Run the numbers before year-end, while there's still time to act.

Did you stop itemizing when the SALT cap was $10,000? Comment below if you'd like a fresh look at your numbers before year-end.

10/06/2026

TAX TIP TUESDAY: There's now a deduction for overtime pay.

The new tax law lets qualifying workers deduct up to $12,500 of overtime pay ($25,000 for joint filers) from federal income tax, for 2025-2028.

Key details:
- It phases out above $150,000 of income.
- Like the tips provision, it's a deduction — not tax-free income. Social Security, Medicare, and state taxes still apply.
- Only the premium portion of overtime qualifies — not your full hourly wage.

If you regularly work overtime, check your pay stubs: the overtime premium should be broken out separately. You'll need it at tax time.

Do you earn overtime pay? Drop a comment if you'd like help figuring out whether you qualify.

10/05/2026

TAX NEWS: $500 ACA refund checks are in the mail.

The federal government has started mailing $500 checks to nearly 1 million Americans who bought health insurance through HealthCare.gov — the federal Marketplace — without premium subsidies.

The details:
- Who: enrollees in the 30 states using the federal exchange who paid full premiums with no advance tax credit.
- What: a one-time $500 per-person refund, from surplus Marketplace user fees.
- When: checks started going out September 30. No application needed — if you're eligible, it comes to you.

Tax tip: keep the letter and check stub with your tax records.

Did you buy your plan on HealthCare.gov and pay full price? You may have a check coming — questions welcome below.

10/02/2026

Plot twist: the return needed a revision. It happens — even careful filings sometimes need a second look. What matters is catching it and fixing it right.

09/29/2026

TAX TIP TUESDAY: "No tax on tips" isn't quite what you think.

Under the new tax law, tipped workers can deduct up to $25,000 of tip income from federal income tax (2025-2028).

But here's the fine print:
- It's a deduction, not an exclusion — the value depends on your tax bracket.
- You still owe Social Security and Medicare taxes on your tips.
- You still owe state and local taxes on them.
- You must report your tips to your employer as before.

What to do now: keep clean records of your tip income. Good documentation is what turns this provision into real savings at filing time.

Questions about how this applies to you? Drop them below.

09/28/2026

REMINDER: The extended tax deadline is October 15, 2026.

Filed an extension for your 2025 return? Time is almost up. Here's what to know:

- An extension extends your time to FILE, not to PAY. Any tax you owed was due April 15, and interest plus penalties have been building since then.

- Miss October 15 and the failure-to-file penalty kicks in: 5% of unpaid tax per month (up to 25%). That's 10x the failure-to-pay penalty of 0.5% per month.

- Also due October 15: FBAR filings for foreign financial accounts.

- File on time even if you can't pay in full. Filing stops the bigger penalty, and payment plans are available.

09/20/2026

Tax Extension Deadline Reminder: October 15, 2026
The final deadline for individual taxpayers who filed an extension for their 2025 federal income tax return is approaching. Please ensure your tax return is completed accurately and filed by October 15, 2026 to avoid potential penalties and interest.

Address

36 Tannenbaum Cir
Greensboro, NC
27410

Opening Hours

Monday	9am - 3:30pm
Tuesday	9am - 3:30pm
Wednesday	9am - 3:30pm
Thursday	9am - 3:30pm
Friday	9am - 3:30pm

Website

https://www.punitaahujacpa.com/

Alerts

Be the first to know and let us send you an email when Punita Ahuja CPA PLLC posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.