Cifuentes & Associates

01/15/2026

📢 Tax filing season is approaching.

The IRS will begin accepting electronically filed tax returns on January 26.

Appointments are now available.

Remote filing is also available. Contact us for details.

12/05/2025

Donating your car can be a great tax deduction, while helping a worthwhile cause. But if you are not careful, your donation value could be limited. Here is what you need to know.

One of the biggest contributions a taxpayer can make is to donate a used automobile. But if not careful, the value of a donated vehicle could be a lot lower than you think.

11/28/2025

Time to review your annual employee benefits. Here are some tips.

November is often the time to sign up for benefits in the upcoming year with your employer. Don't forget to consider ways to save on taxes. Here are some tips.

11/21/2025

Considering loaning yourself money from your retirement account? Read this first!

Many are dipping into their employer-sponsored retirement plans using the lending feature. Unfortunately, many are later faced with a tax problem!

11/14/2025

Here are the details to deduct your car loan interest on your tax return.

As part of the OBBB Act, there is a new interest deduction available on your tax return for qualified car loans. Here is what you need to know.

11/07/2025

With all the tax changes, a year-end review is needed now! Here are some great ideas.

Here are ideas that may reduce your tax bite for this year. But act soon as the year-end is fast approaching.

10/31/2025

$8,400 more of your income is subject to Social Security taxes in 2026. Here are the details.

2026 Cost-of-Living Adjustment (COLA) changes are here. This is what you need to know.

10/24/2025

You may give up to $19,000 to any individual (donee) in 2025 and avoid any gift tax filing requirements. If married, you and your spouse may transfer up to $38,000 per donee.

Wish to transfer some of your assets to your children or grandchildren tax-free? Understanding the annual gift limits is a good place to start.

10/17/2025

New tax deduction limit could present a planning opportunity.

With recent law changes, itemizing your deductions may now make sense once again.

10/10/2025

Fair market value is often one of the IRS's go-to items when auditing you. Here is what you need to know.

Determining the value of items on your tax return is always open to interpretation. You do not want that to happen to you during an audit, as it can lead to additional taxes and penalties. Here are some tips to help defend your Fair Market Value (FMV) determinations.

10/03/2025

Get tip income or know someone who does? Read this NOW!

Now is the time to review the preliminary list of approved tax-free tip occupations. If your job is not included, you must register your suggestion in the next few weeks.

09/26/2025

When in doubt, ask for tax help. Here is when you should do this.

All too often taxpayers take action that will cost them dearly when they file their tax return. With a little planning, however, the IRS can still receive its fair share but not a dollar more. Here's what you need to know.