SJT Tax Preparation

01/28/2026

During the busy time,I do not check this page as often. PLEASE text me at 641 203 6658,call,or email me at [email protected]

01/21/2026

Due to all the new changes and Big Beautiful bill, there is no on line scheduling this year. Its best to call/email or messenger me for an appointment. Thank you

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01/19/2026

Reminder. Questions via email so I can answer via email. Appointments via text,email or phone call. Phone:6412036658. Email [email protected]

01/03/2026

Again, I will request that you do not ask questions or personal information on this page or the appointment page. Please email me at [email protected] or contact me at 641 203 6658. I will not respond to questions unless via email or phone call. This is not a private site and does not keep your information confidential.

12/20/2025

Wishing everyone a safe and Merry Christmas. I will be in the office Monday and Tuesday. Closed the remainder of the week

12/14/2025

Always remember to consult your tax professional

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12/14/2025

Yes, you can temporarily deduct personal car loan interest in 2025.This deduction is for tax years 2025-2028.
Vehicle requirements: The vehicle must be new, meaning its original use begins with you. Used vehicles or leases do not qualify. The vehicles final assembly must occur in the US. The VIN must be reported on the tax return. It must be a car, minivan, van SUV, pickup truck or motorcycle with a gross weight rating under 14000 pounds. The vehicle must be for personal use not for business or commercial.
LOAN: the loan must have been taken out after December 31, 2024 from a qualified lender.
You can deduct up to 10000 in qualifying interest payments per year.
ALWAYS REMEMBER WITH ANY NEW TAX LAW CHANGES, there are always stipulations regarding income and filing status.

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12/14/2025

To cold to do much so will make post today for the 2025 tax year.
Lets start with personal changes.
Standard deduction who do not itemize--$15750 for single filers and 31500 for joint filers. Seniors age 65 and older get an extra $6000 on top of the new standard deduction, this senior boosts ends after 2028.
Overtime and tips: for 2025-2028 up to $12500 of overtime pay (double for joint filers) and $25000 of tip income each year can be excluded from federal income tax. Payroll taxes will remain untouched, employers will continue normal withholding and Form W2 reporting, but employees will subtract the qualifying amounts on their 1040 whey they file.
Child tax credit increases to 2200 per child
Trump Accounts---Every baby born from 2025-2028 receives a federally funded $1000 seed contribution into a custodial "Trump Account." We will review this at tax time.
Making one more post today regarding deducting personal car loan interest.

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12/14/2025

There are several changes in the upcoming years. Reminder we are filing 2025 taxes in 2026. The charitable contribution changes do not take effect until we file the 2026 tax return. Below are some suggestions for 2025.
For the 2025 tax return the rules for charitable giving are largely the same as in previous years. This means you can only deduct charitable if you itemize. Most taxpayers take the standard deduction, which for 2025 is 15750(single filers) 31500 for married couples.
Donations must be made to IRS qualified 501(c)3 organizations
For cash contributions generally you can deduct up to 60% of your Adjusted Gross Income.
Documentation: You must keep records, such as a bank statement or a receipt from the charity. For any single donation of $250 or more you must obtain written acknowledgement from the charity.
PLAN AHEAD FOR 2026
For those who not itemize starting in 2026 you will be able to deduct a portion of your charitable giving. You may deduct up to $1000 in cash gifts to eligible public charities or $2000 if married filing jointly.
Questions or concerns feel free to reach out to me via email or call.

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11/12/2025

Please feel free to contact me next week with questions or concerns. I will be posting some of the changes for 2025 tax year filing in 2026.

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11/12/2025

I will be closed the 17th thru the 24th. I am getting ready for our Thanksgiving. I will still complete the weekly payroll. Thank you and have a good Thanksgiving.

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09/19/2025

Its that time of year. Catching up with the new changes. In the next few weeks will highlight some of those changes.

Vehicles---for vehicles purchased in 2025 their is two major changes. A new tax deduction for auto loan interest and expiration of EV tax credits.
If you buy and finance a new personal use vehicle you may be able to deduct interest paid on that loan.
As always stipulations:
The deduction is limited to 10000 a year
Loans have to originate between Jan 2025 and Dec 31 2028
It must have its final assembly in the US. Verification of this is done through the VIN number.
There is phase out limits
NO ITEMIZING is required.
Any further questions or concerns please reach out to me.

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