U S Tax Solutions

06/23/2026

Supporting Chattanooga Charities? How 2026 OBBBA Charitable Giving Contributions Work

Learn how the 2026 OBBBA charitable giving contributions rules impact your taxes and discover smart planning strategies for your donations.

06/23/2026

𝘿𝙤 𝙄 𝙤𝙬𝙚 𝙩𝙖𝙭𝙚𝙨 𝙬𝙝𝙚𝙣 𝙄 𝙨𝙚𝙡𝙡 𝙤𝙧 𝙩𝙧𝙖𝙙𝙚 𝙘𝙧𝙮𝙥𝙩𝙤?

If you made money on the transaction, yes.

The IRS treats cryptocurrency as property. So selling crypto, swapping one token for another, or using crypto to buy something can create a taxable gain.

The real question is whether or not you received more than you paid.

To figure that out, you need to know:
• What you originally paid
• What you received when you sold or traded it
• Any fees tied to the transaction
• How long you held the crypto

Crypto held for one year or less is generally taxed as a short-term gain. Crypto held for more than one year may qualify for long-term capital gains rates.

If you made several trades, used more than one wallet, or aren’t sure what needs to be reported, reach out before you file.

06/22/2026

Did you miss the April tax deadline? Or worse, did you file but couldn't afford to pay what you owed?

Sure, it's been a few months since the deadline, but the IRS hasn't forgotten. So sit down with us for a midyear check in. We can look at:
• Unfiled returns from 2025 (or earlier) that are blocking you from negotiating.
• Fresh IRS notices or letters sitting unopened on your desk.
• Setting up a protection plan before the IRS threatens a levy or lien.

The cheapest time to fix tax debt is always right now.

DM us, and let's get you on the path toward a clean tax slate.

06/19/2026

𝙒𝙝𝙖𝙩 𝙨𝙝𝙤𝙪𝙡𝙙 𝙄 𝙙𝙤 𝙗𝙚𝙛𝙤𝙧𝙚 𝙢𝙮 𝙨𝙩𝙪𝙙𝙚𝙣𝙩 𝙡𝙤𝙖𝙣𝙨 𝙖𝙧𝙚 𝙙𝙞𝙨𝙘𝙝𝙖𝙧𝙜𝙚𝙙?

Start gathering the details before the tax year closes.

Log into StudentAid.gov and check your:
• Repayment plan
• Loan status
• Qualifying payment count
• Projected forgiveness date

Then estimate the balance that may be forgiven. If it’s taxable, that amount could affect your total income for the year and what you may owe.

If your discharge will happen in 2026, we should look at the numbers 𝘯𝘰𝘸 so you’re not surprised later by a federal or state tax bill.

DM us to schedule a planning session before the discharge is finalized.

06/19/2026

Is Student Loan Forgiveness Taxable for Chattanooga Taxpayers in 2026?

Is student loan forgiveness taxable this year? See how 2026 tax rule changes may affect your refund, AGI, and IRS reporting.

06/18/2026

𝙒𝙝𝙖𝙩 𝙙𝙤 𝙄 𝙙𝙤 𝙞𝙛 𝙄 𝙝𝙖𝙫𝙚 𝙪𝙣𝙥𝙖𝙞𝙙 𝙩𝙖𝙭𝙚𝙨 𝙛𝙧𝙤𝙢 2025?

If you still owe from 2025 or earlier, you don’t have to keep guessing at what to do next.

Start by getting clear on:
• Which years have balances
• Whether returns are missing
• What notices you’ve received
• What payments are already set up
• What the IRS or state says you owe

Before you send another payment or put it off again, let’s look at the full picture together.

06/17/2026

𝙄𝙨 𝙢𝙮 𝙨𝙩𝙪𝙙𝙚𝙣𝙩 𝙡𝙤𝙖𝙣 𝙛𝙤𝙧𝙜𝙞𝙫𝙚𝙣𝙚𝙨𝙨 𝙩𝙖𝙭𝙖𝙗𝙡𝙚 𝙩𝙝𝙞𝙨 𝙮𝙚𝙖𝙧?

For loans forgiven in 2026, the answer depends on which forgiveness program your discharge came from.

Some forgiveness is still tax-free at the federal level, including:
• Public Service Loan Forgiveness
• Teacher Loan Forgiveness
• Death discharge
• Many total and permanent disability discharges

But if your forgiveness comes through a long-term Income-Driven Repayment plan, you may need to plan for a federal tax bill.

If your loans are being forgiven this year, don’t wait until tax time to check your paperwork.

DM us to schedule a time to review your forgiveness program, discharge date, and what it could mean for your return.

06/16/2026

How the Secure 2.0 Act Changes Beneficiary IRS Tax Rules For Your Chattanooga Heirs

The 2026 beneficiary IRA tax rules under Secure 2.0 depend on who your heirs are. Audit your estate plan to protect your family from a huge tax bill.

06/16/2026

Did the job market change your tax situation this year?

If you lost a job, switched roles, picked up gig work, or had your hours cut, your tax picture may have changed too:

• Unemployment and severance can be taxable
• Gig or 1099 income doesn’t have automatic withholding
• Multiple W-2s in one year can throw off withholding
• A household income change can affect what you owe

If your income shifted this year, don’t wait until filing season to find out whether you paid enough tax.

Most industries saw no changes or declines in total employment.

06/16/2026

Calculating Crypto Taxes Simplified For Chattanooga Investors

Calculating crypto taxes? Clear up the confusion around swaps, wallet transfers, rewards, and missing cost basis.