Savvy Tax Chick LLC

Savvy Tax Chick LLC Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Savvy Tax Chick LLC, Tax preparation service, 4160 Southeast International Way, Suite D105, Milwaukie, OR.

With major tax law changes taking effect this year and next, tax planning is more important than ever. Don’t wait to tal...
11/05/2025

With major tax law changes taking effect this year and next, tax planning is more important than ever. Don’t wait to talk with us until it’s time to prepare your tax return! Let’s review your situation, find opportunities and boost your tax confidence now. Call us at (503) 344-3850.

In many respects, estate planning for single parents is similar to estate planning for families with two parents. Single...
11/04/2025

In many respects, estate planning for single parents is similar to estate planning for families with two parents. Single parents want to provide for their children’s care and financial needs after they’re gone. But when only one parent is involved, certain aspects of an estate plan demand special attention. One example is selecting an appropriate guardian. What if you become incapacitated or die suddenly and the other parent is unavailable to take custody of your children? Does your estate plan designate a suitable, willing guardian to care for them? Contact us at (503) 344-3850 for assistance.

"No Tax on Car Loan Interest" Deduction – Did You Know?The recently enacted One Big Beautiful Bill Act (OBBBA) created a...
11/03/2025

"No Tax on Car Loan Interest" Deduction – Did You Know?

The recently enacted One Big Beautiful Bill Act (OBBBA) created a new tax deduction for interest paid on certain car loans. Eligible people who initiate qualifying auto loans after December 31, 2024 may deduct up to $10,000 per year of loan interest, regardless of whether they itemize deductions on their tax returns.

Eligibility criteria for the deduction include income limits, and a requirement that the vehicle be purchased new for personal (not business) driving purposes. In general, to deduct car loan interest in full, a married couple filing a joint return must have a modified adjusted gross income (MAGI) under $200,000. For other filing statuses, the MAGI limit for the full deduction is $100,000. The deduction phases out at higher income levels. Other restrictions include a requirement that the vehicle underwent final assembly in the U.S.

If you qualify for the deduction, you will need to document the amount of auto loan interest you paid. You may receive a year-end tax form from the lender providing this information, but for this year, lenders may make the information available to borrowers in other ways. A tax professional can help you determine whether you qualify to deduct auto loan interest, and if so, help you properly report the interest you paid to get the largest deduction possible.

Does your business pay independent contractors? A provision in the One Big Beautiful Bill Act, signed into law on July 4...
11/03/2025

Does your business pay independent contractors? A provision in the One Big Beautiful Bill Act, signed into law on July 4, 2025, will reduce your required reporting. Currently, businesses that pay $600 or more for services rendered by a contractor must issue a Form 1099-NEC (Nonemployee Compensation). Beginning with payments made in 2026, the threshold increases to $2,000 and will be adjusted for inflation in subsequent years. This change will simplify compliance and reduce the risk of penalties for missed filings. Contact us at (503) 344-3850 with questions about how to proceed.

Does your business incur research and experimentation (R&E) expenses? The One, Big, Beautiful Bill Act reinstates the im...
10/31/2025

Does your business incur research and experimentation (R&E) expenses? The One, Big, Beautiful Bill Act reinstates the immediate deduction for research activities conducted in the United States, beginning in 2025. Before the new law was enacted, R&E expenses had to be capitalized and amortized over five years, beginning on or after Jan. 1, 2022. What if you began to amortize R&E expenses in 2022, 2023 and/or 2024? You can deduct the remaining amount on your 2025 return or split it between your 2025 and 2026 returns, rather than continuing to amortize over what remains of the five-year period. Contact us at (503) 344-3850 with questions.

Running a business is challenging. Managing the finances of your business doesn’t have to be. From bookkeeping and accou...
10/29/2025

Running a business is challenging. Managing the finances of your business doesn’t have to be. From bookkeeping and accounting to tax planning and business advisory, we provide comprehensive services designed to keep your business on track and winning. Let us handle the numbers so you can focus on what matters most: operating a profitable business. Contact us at (503) 344-3850.

2026 Healthcare Open Enrollment - Did You Know?The 2026 open enrollment period for Marketplace health insurance begins t...
10/28/2025

2026 Healthcare Open Enrollment - Did You Know?

The 2026 open enrollment period for Marketplace health insurance begins this Saturday, November 1, 2025, and ends December 15, 2025 for plans starting January 1, 2026. During this period, you will be able to enroll in, renew, or change health plans for the coming year.

Once the Open Enrollment period is over, you will only be able to enroll if there's a qualifying life event for the Special Enrollment Period.

Enrollment can be done at https://healthcare.gov, and a simple checklist of documents you'll need can be found here: https://marketplace.cms.gov/outreach-and-education/marketplace-application-checklist.pdf.

Did you celebrate your 73rd birthday in 2025? If you have money in an IRA, 401(k), SEP or SIMPLE plan, you must take you...
10/28/2025

Did you celebrate your 73rd birthday in 2025? If you have money in an IRA, 401(k), SEP or SIMPLE plan, you must take your first required minimum distribution (RMD) by Dec. 31 (or, potentially, by April 1, 2026). RMDs are annual withdrawals of specified amounts based on your age and the account’s value at the end of the last tax year. For more information about managing retirement income, contact us at (503) 344-3850.

Fraud often hides in plain sight. Some red flags to watch for include reporting delays, unexplained cash shortages, miss...
10/27/2025

Fraud often hides in plain sight. Some red flags to watch for include reporting delays, unexplained cash shortages, missing inventory, inconsistent financial reports, duplicate payments and vendors you don’t recognize. You may also notice employees who resist sharing responsibilities, override company policies or avoid taking vacations. Don’t ignore your instincts. We can help investigate financial anomalies, identify weak controls and recover losses. Call us at (503) 344-3850 to strengthen your internal controls and gain peace of mind.

Individuals with sizable estates can breathe a sigh of relief when it comes to the federal estate tax. Currently, the fe...
10/24/2025

Individuals with sizable estates can breathe a sigh of relief when it comes to the federal estate tax. Currently, the federal gift and estate tax exemption is $13.99 million for individuals ($27.98 million for married couples). This exemption was scheduled to revert to $5 million (plus inflation adjustments) in 2026. But under the One, Big, Beautiful Bill Act, it has been made permanent. For 2026, the exemption will rise to $15 million ($30 million for married couples) and will be adjusted annually for inflation after that. This much-needed certainty provides planning flexibility and enables affluent families to preserve their wealth across generations. Questions? Contact us at (503) 344-3850.

Looking to reduce your tax bill and benefit a family member? If you have appreciated or dividend-producing investments, ...
10/22/2025

Looking to reduce your tax bill and benefit a family member? If you have appreciated or dividend-producing investments, consider transferring them to an adult child in the 0% long-term capital gains tax bracket. Your son or daughter may be able to sell those assets and pay no federal tax on the gains or receive dividends free of federal tax. This strategy can be powerful, but it comes with some fine print. Let’s talk about how it could work in your situation. Contact us at (503) 344-3850.

Flexible Spending Arrangements - Did You Know?Changing jobs? Before leaving your current position, check the balance in ...
10/21/2025

Flexible Spending Arrangements - Did You Know?

Changing jobs? Before leaving your current position, check the balance in your flexible spending arrangement (FSA). FSAs are generally not transferable to a new employer, and unused funds are often forfeited when you leave your job. Some employers may offer a short grace period or allow a small rollover amount, but many do not. To make the most of your pre-tax dollars, use any remaining FSA balance before your last day, such as by scheduling medical appointments or purchasing eligible health items.

Address

4160 Southeast International Way, Suite D105
Milwaukie, OR
97222

Opening Hours

Monday 10am - 4pm
Tuesday 10am - 4pm
Wednesday 10am - 4pm
Thursday 10am - 4pm

Telephone

+15033443850

Website

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My Business Vision

My Business Vision

I am a woman of integrity, purpose, and honesty. I spend time and energy working to accomplish what I have been called to do in life. One of my greatest gifts is the ability to form trusting relationships with people. My passion is to help entrepreneurs shift from fear of finances to complete confidence by creating habits that serve and enhance their bottom line.

I am congruent at all times with my mission so that I build relationships with those who are touched by me. I want to create a fun, fearless, and fabulous business environment by showing people how to implement smart financial habits in their business.

This allows my clients to know where their money is going and what areas are most profitable in their business. Clients are attracted to me because of my personal touch and honest communication in our business relationship. I assist and advise our clients, personally and financially, to learn and implement best financial practices through one to one and group coaching, consulting, digital products, workshops, and presentations. My goal is to have sound practices in place so you no longer need to fear an IRS audit.