Grateful Financial Services

04/05/2026

Hey you have payment options!!!!!

Taxpayers have a variety of options to consider when paying federal taxes, none of them are paying with candy bars. For more information on the options available to meet your tax obligations visit: irs.gov/payments

03/03/2026

Whether you’re an individual taxpayer or a business owner, it’s important to know your rights. The Taxpayer Bill of Rights outlines what taxpayers can expect during audits, appeals, collections, and other interactions with the IRS, helping to guarantee fairness and transparency. View the full list of rights here: http://www.irs.gov/tbor

02/13/2026

Quick tips to correct Reject 8962
If you are seeing reject F8962-070, here are some quick tips from the IRS to get this addressed.

Reject 8962 is for missing 8962 for Marketplace Health Insurance Coverage.

This happens when IRS records indicate that the taxpayer, spouse, or dependent received an advance payment of Premium Tax Credit through the Marketplace but no Form 8962 was included with the return.

Here’s a two-step approach on how to fix this reject:
Request form 1095–A from taxpayer.

These forms were mailed at the end of January or can be obtained from their healthcare.gov account. Complete Form 8962 (Premium Tax Credit) and retransmit the tax return.

Welcome to the Health Insurance Marketplace®. Official government website.

02/12/2026

https://www.facebook.com/share/18JJU6d8E8/

Scams

Are you searching for a reliable tax professional to help with your taxes? While most are honest and reliable, the warns you to avoid those who refuse to sign your tax return with their Preparer Tax Identification Number (PTIN). ‘Ghost’ preparers who don’t sign returns are very likely trying to scam you. Avoid these scammers by checking out the IRS tips on choosing the right for your tax situation: www.irs.gov/chooseataxpro

02/01/2026

Past tax records can be helpful for future filings, applying for loans or verifying income. Taxpayers have a few options to access prior-year tax information from the including:

• Check your Online Account
• Contact your tax preparer or software provider
• Request a free transcript from the IRS

Learn more and get the tax information you need this filing season:

Tax Tip 2025-21, March 27, 2025 — Taxpayers can access their personal tax records in several ways. Those records are useful and can help with future tax filing.

01/29/2026

Let's get started 💪

01/19/2026

2026 Tax Year Updates
For the 2026 tax year (returns filed in early 2027), several amounts have been adjusted for inflation:
Additional Standard Deduction: Increases to $2,050 for single filers and $1,650 per qualifying spouse for joint filers.
Base Standard Deduction: Increases to $16,100 for singles and $32,200 for joint filers.
Catch-up Contributions: The 2026 IRA catch-up limit for those 50+ increases to $1,100 (total $8,600), while the 401(k) catch-up limit for most participants 50+ rises to $8,000.

01/11/2026

The 2026 tax filing season, which covers income earned during 2025, officially begins on Monday, January 26, 2026. The Internal Revenue Service (IRS) expects to process approximately 164 million individual returns during this period, which ends on Wednesday, April 15, 2026.
Key Filing Dates
January 9, 2026: IRS Free File begins accepting returns for qualified taxpayers (AGI of $89,000 or less).
January 26, 2026: Official start date; the IRS begins accepting and processing all individual 2025 federal tax returns.
April 15, 2026: Standard filing and payment deadline.
October 15, 2026: Deadline for those who requested an automatic six-month extension.
Significant New Deductions and Provisions
Following the passage of the "One, Big, Beautiful Bill" in 2025, several major new tax breaks are now effective. These are claimed using the new Schedule 1-A:
No Tax on Tips: Individuals in service industries can deduct qualified tips up to $25,000 annually.
No Tax on Overtime: Workers may deduct the portion of qualified overtime pay that exceeds their regular rate, with a maximum deduction of $12,500 ($25,000 for joint filers).
New Senior Deduction: Taxpayers age 65 and older can claim an additional $6,000 bonus deduction on top of the standard deduction. For married couples where both qualify, this is $12,000.
Car Loan Interest: Interest paid on loans for qualified vehicles for personal use is now deductible, up to $10,000 annually.
"Trump Accounts" (Child IRAs): A new tax-advantaged savings vehicle for children. Parents can establish these accounts, which may receive a one-time $1,000 federal contribution and up to $5,000 in annual authorized contributions.
Expanded SALT Deduction: The cap on the State and Local Tax (SALT) deduction has increased from $10,000 to $40,000.
Standard Deduction Adjustments (2025 Tax Year)
For the returns filed in early 2026, the standard deduction amounts are:
Single or Married Filing Separately: $15,750.
Married Filing Jointly: $31,500.
Head of Household: $23,625.
Note that most taxpayers should use the IRS Direct Deposit system, as the agency is phasing out paper refund checks.

01/09/2026

It's time to prepare for tax season. The Internal Revenue Service has announced that the 2026 filing season will commence on January 26, as stated in a press release issued on Thursday, January 8.

11/03/2025

Get you tax returns filed NOW. The IRS is getting ready for the next tax season. Last day to efile tax returns is November 20th

10/29/2025

Checking in at year-end....2025 is concluding and new tax credits and changes are taking effect. Stay tuned!!!!

01/11/2025

WASHINGTON D.C., DC — The IRS on Friday announced Jan. 27 as the official start date of the 2025 tax season, and expects more than 140 million tax returns to be filed by the April 15 tax deadline.

The announcement comes with agency in the midst of a massive overhaul, attempting to improve its technology and customer service processes with tens of billions of dollars allocated to the agency through Democrats’ Inflation Reduction Act, signed into law in August 2022.