C&R Associates Bookkeeping & Tax Services, LLC

17/02/2026

Largest federal funding of the year arriving soon!!!

ANDREA, we have been notified that the IRS is releasing two large federal tax refund deposits to taxpayers Monday Feb. 23 and Wednesday Feb. 25. Here's what to expect.

Fast Forward and Green Dot Card payments issued 5 days early - Feb. 18 or 20
Refund payments to taxpayers that selected the Refund Transfer1 with Fast Forward2 direct deposit or a Green Dot® Prepaid Visa® Card3 will be available Feb. 18 or Feb. 20. Fast Forward checks will be ready to print as early as Feb. 18 or 20.

Refund payments to taxpayers that selected the Refund Transfer with a Green Dot card will be available Feb. 18 or 20.
Refund Transfer payments issued Feb. 23 or 25
Refund payments to taxpayers with Refund

Transfer direct deposit will be available Feb. 23 or Feb. 25. Refund Transfer cashier's checks will be ready to print as early as Feb. 23 or 25.

22/01/2026

BOOK YOUR APPOINTMENT TODAY

12/01/2026

NO TAX ON OVERTIME – HERE’S WHAT THAT REALLY MEANS 💼⏱️
Under the new Big Beautiful Bill, overtime pay may no longer be taxed the way it used to.
👉 This is NOT a tax credit.
👉 This does NOT mean free money back.
So what does it do?
It reduces your taxable income.
That means:
Less of your income is subject to taxes
You may owe less at tax time
You could keep more of your paycheck overall
Think of it like this 👇
If you made $50,000 and $8,000 of that was overtime, the overtime portion may not be counted when calculating how much tax you owe.
Lower taxable income = lower tax bill 💸
This is especially helpful for:
👩‍⚕️ Nurses & CNAs
🧑‍🍳 Servers & hospitality workers
👷‍♂️ Trades & hourly workers
🛠️ Anyone who works OT to make ends meet
⚠️ Important:
How much this helps depends on your situation, filing status, and income. This is why planning matters.

12/01/2026

MPORTANT TAX SEASON REMINDER! 📣
If you receive a Form 1095-A (Health Insurance Marketplace Statement) in the mail or through your Marketplace account, PLEASE bring it to your tax appointment.
This form is CRUCIAL for filing your tax return if you had Marketplace insurance.
✔️ We must enter the information from your 1095-A
✔️ If it’s missing or not added to your return, the IRS will delay processing your refund
✔️ In many cases, your return may be rejected or put on hold until it’s corrected
To avoid delays, make sure you have ALL pages of your 1095-A before your appointment.
If you’re not sure whether you have Marketplace coverage or can't find your form, reach out — I can help point you in the right direction.
✨ Bringing this form = Faster, smoother tax filing! ✨

10/01/2026

Do you have a child born in 2025? do you want to start college fund for your child? Please take a look at the Trump Accounts below.
I can help you with this if your interested.

Trump Accounts provide eligible American children with tax-advantaged investment accounts courtesy of President Donald J. Trump.

08/01/2026

As part of a broader family-focused policy platform, “Trump Accounts” would create a federal tax-advantaged savings account for Children under 18, but only those born between 2025 and 2028 qualify for the $1,000 benefit. These accounts would be funded with an initial government contribution of $1,000 and grows tax-deferred over time—like a traditional IRA.

This initiative, passed as part of the OBBBA, is designed to support long-term savings and provide families with a meaningful financial foundation for their child’s future.

Here’s what families need to know—and how I can help you make the most of it if it passes.

What Is a Trump Account?
Trump Accounts are tax-advantaged savings accounts for children.

Under the plan:
• Each eligible child born between January 1, 2025, and December 31, 2028, would receive an initial $1,000 deposit from the federal government
• The account would grow tax-deferred, with compound interest or investment earnings
• Parents or guardians could contribute additional funds annually
• At age 18, the funds become subject to rules similar to a traditional IRA

The goal is to promote early investment, generational wealth, and financial security.

Key Features of the Proposed Accounts
• Eligibility: Eligibility is limited to children under the age of 18 with a valid Social Security number. However, only those born between 2025 and 2028 qualify for the $1,000 benefit.
• Tax treatment: Earnings grow tax-deferred, like traditional IRA accounts
• Qualified uses: Higher education expenses, first-time home buying up to $10,000, or retirement
• Contribution limits: Parents and others may contribute yearly. There is a $5,000 limit for family, friends, and employers, but no limit for contributions from the government or charities.

Who Benefits from Trump Accounts?
These accounts are designed to benefit:
• Middle- and lower-income families who want to start saving but lack initial capital
• New parents seeking flexible, tax-deferred savings for their child’s future
• Grandparents and relatives who want to contribute gifts or early investments
• Families in underserved communities where generational savings have historically been limited
A government-funded jumpstart combined with tax-deferred growth could make a powerful difference by the time a child reaches college or adulthood.

What Should Parents Do Now?
1. Track your child’s birth year— Eligibility is limited to children under the age of 18. However, only those born between 2025 and 2028 qualify for the $1,000 benefit.
2. Keep your child’s Social Security Number and birth certificate on file
3. Plan to open the account once made available through a designated institution
4. Work with me to understand how this affects future credits, dependency claims, and education planning

If you already use a 529 plan or other savings vehicle, I can help you integrate this new option into your financial strategy.

08/01/2026

Key Individual Tax Changes: What’s In It for You?

Auto-Loan Interest Deduction (2025 to 2028)
Bought a new, U.S.-built car or bike and make less than $100,000 if single or $200,000 if married? You can write off up to $10,0000 of interest every year even if you don’t itemize.

Child and Dependent Care Credit Boost (2026 to 2028)
Covers up to 50 percent of child-care expenses if income is under $15,000, 35 percent up to $75,000 income, and stays capped at 20 percent over $105,000. Maximum credit is $3,000 if single or $6,000 if married.

Child Tax Credit
Each kid is worth a $2,200 child tax credit and even if you don’t owe any tax, you could still get up to $1,700 per kid as a refund.

Energy Efficient Home Credits End December 31, 2025
Thirty percent credits for energy efficient windows, heat pumps and rooftop solar end after 2025.

EV Clean Vehicle Credit Ends September 30, 2025
The $7,500 clean vehicle credit goes away unless your new electric car is delivered and in use by September 30, 2025. This also applies to used electric vehicles, with a credit of up to $4,000.

Gambling Loss Cap Starting 2026
You can only write off up to 90 percent of your gambling winnings with losses. At least 10 percent will be taxed no matter what.

No Tax on Overtime (2025 to 2028)
The extra half-time part of overtime pay is deductible up to $12,500 for individuals and $25,000 for married couples filing jointly.

No Tax on Tips (2025 to 2028)
Qualified tips up to $25,000 won’t be taxed as income. Still needs to be reported. Phases out at $150,000 for single or $300,000 for married.

Non-Itemizer Charitable Deduction (Starting 2026)
You can write off up to $1,000 if single or $2,000 if married, in charitable donations even if you take the standard deduction.

Permanent Low Tax Rates and Bigger Brackets
Lower tax rates from past years will continue. This means more of your income stays taxed at a lower rate before moving into a higher bracket.

SALT Cap to 40 Thousand (2025 to 2030)
You can now deduct up to $40,000 in state and local taxes if your income is under $500,000 for married or $250,000 for single.

Senior Bonus Deduction (2025 to 2028)
People age 65 and older get an extra $6,000 each or $12,000 per couple knocked off their taxable income.

Standard Deduction Permanently Larger
Everyone gets a bigger no tax zone, making the standard deduction larger. Now $15,750 for single, $23,625 for head of household, and $31,500 for married.

Trump Accounts for Kids (Births 2025 to 2028)
Babies born between 2025 and 2028 get a $1,000 starter account from the government. Families can add $5,000 a year with tax benefits.

BIG BREAKS FOR SMALL BUSINESSES

20 Percent Profit Deduction Made Permanent
If you’re self-employed or own a small business, you can keep taking 20 percent off your income from running the business each year.

100% Bonus Depreciation on Equipment
Buy gear for your business after January 20, 2025? You can deduct the full cost right away by writing it off.

Bigger Section 179 Cap
You can now instantly write off up to $2.5 million dollars in business purchases.

Tips to Make the Most of These Changes
• Plan early because many benefits start or expire soon.
• Track deductions because even if you don’t itemize, new rules may apply.
• Keep receipts for vehicle purchases, business gear, and donations.
• Ask us for help claiming every benefit you deserve.

These updates are big, but you don’t have to tackle them alone. I'm here to help you understand what’s changed, what you qualify for, and how to claim every dollar you’re owed.

08/01/2026

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.