Fox Legacy Tax Service

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Fox Legacy Tax Service We are a locally owned tax preparation business, founded by a team of professionals with decades of combined experience.

We’re here to make taxes simple, affordable, and stress-free for our community.

2027 Healthcare Open EnrollmentThe 2027 open enrollment period for Marketplace health insurance began on Sunday, Novembe...
11/02/2026

2027 Healthcare Open Enrollment

The 2027 open enrollment period for Marketplace health insurance began on Sunday, November 1, 2026, and runs through January 15, 2027. To obtain coverage starting January 1, 2027, you must enroll by December 15, 2026. If you enroll between December 16, 2026, and January 15, 2027, your coverage will generally begin February 1, 2027. During this period, you can enroll in, renew, or change health plans for the coming year.

Once the Open Enrollment period is over, you generally can only enroll in or change Marketplace plans if you qualify for a Special Enrollment Period, such as after certain qualifying life events.

Enrollment can be completed at https://www.healthcare.gov, and information on how to prepare for enrollment, including what documents you'll need, can be found here: https://www.healthcare.gov/apply-and-enroll/get-ready-to-apply/.

Accurate W-2 Reporting Is Required to Deduct 2026 Overtime – Did You Know?Eligible taxpayers may deduct up to $12,500 of...
10/27/2026

Accurate W-2 Reporting Is Required to Deduct 2026 Overtime – Did You Know?

Eligible taxpayers may deduct up to $12,500 of qualified overtime compensation ($25,000 for joint filers) on their 2026 federal income tax returns without itemizing. The deduction begins phasing out when modified adjusted gross income exceeds $150,000 ($300,000 for joint filers). Married taxpayers generally must file jointly. Qualified overtime generally means the “half” portion of time-and-a-half pay required under the Fair Labor Standards Act. Social Security and Medicare taxes still generally apply.

For 2026, employers must report qualified overtime on Form W-2 in box 12 using code “TT.” If the amount is missing or incorrect, contact your employer and keep supporting pay stubs handy. Be sure to obtain a corrected Form W-2c (Corrected Wage and Tax Statement) if your employer omitted or incorrectly reported your qualified overtime pay.

Educators Have New Options to Deduct 2026 Classroom Expenses – Did You Know?If you work as a K–12 teacher, instructor, c...
10/19/2026

Educators Have New Options to Deduct 2026 Classroom Expenses – Did You Know?

If you work as a K–12 teacher, instructor, counselor, principal or aide for at least 900 hours during the school year at a qualifying school, you may be able to deduct qualifying unreimbursed classroom expenses on your tax return.

For 2026, eligible educators may deduct up to $350 of qualifying expenses as an above-the-line deduction without itemizing, or up to $700 for a married couple filing jointly if both qualify, with a limit of $350 each.

Additionally, a new itemized deduction is available beginning in 2026 for educator expenses, with no separate dollar cap. You must itemize deductions to claim this additional deduction. It is also available to interscholastic sports administrators and coaches who meet the K–12 school and 900-hour requirements, and may cover additional expenses.

Eligible educators may claim both deductions, as long as the expenses used to figure each deduction do not overlap. A tax professional can help you determine whether you qualify and which deduction strategy yields the greatest possible tax savings.

You asked. We listened! ⭐We're excited to announce that Fox Legacy Tax Service now offers the option to pay your tax pre...
10/16/2026

You asked. We listened! ⭐

We're excited to announce that Fox Legacy Tax Service now offers the option to pay your tax preparation fees directly from your refund!

That means no upfront payment for eligible clients—just one more way we're making tax season a little easier.

IMPORTANT FOR (many) WI RESIDENTS: The Filing Extension Deadline is November 2 (NOT October 15).Due to severe weather in...
10/12/2026

IMPORTANT FOR (many) WI RESIDENTS: The Filing Extension Deadline is November 2 (NOT October 15).

Due to severe weather in many counties in the greater Fox Valley on April 13, the extension deadline is November 2. Even if you did not file for an extension, you automatically have one until November 2. Please visit the IRS article to confirm that you live in an affected WI county:
https://www.irs.gov/newsroom/irs-announces-tax-relief-for-taxpayers-impacted-by-severe-storms-tornadoes-and-flooding-in-the-state-of-wisconsin-various-deadlines-postponed-to-nov-2-2026

We are at Oktoberfest in Omro today until 3pm. Lots of activities and food for everyone all day!
10/10/2026

We are at Oktoberfest in Omro today until 3pm. Lots of activities and food for everyone all day!

Up to $5,120 of the Adoption Tax Credit Is Refundable for 2026 – Did You Know?The Adoption Tax Credit helps eligible fam...
10/05/2026

Up to $5,120 of the Adoption Tax Credit Is Refundable for 2026 – Did You Know?

The Adoption Tax Credit helps eligible families manage qualified costs such as adoption fees, travel, legal services and home studies. In recent years, the credit was nonrefundable: it could reduce a person's federal income tax, but any unused amount generally had to be carried forward.

Under rules that took effect in 2025, part of the credit is now refundable. For tax year 2026, up to $5,120 per eligible child may be refundable, even if the taxpayer owes no federal income tax. Any unused nonrefundable portion may be carried forward for up to five years, but a carryforward cannot become refundable in a later year.

The Adoption Tax Credit is subject to income limits and other restrictions, and the timing of a claim depends on the circumstances of the adoption. A tax professional can help determine whether you qualify and how much credit you may claim.

Quarterly Estimated Tax Payments - ReminderIf you are making quarterly estimated tax payments to the IRS, the due date f...
09/08/2026

Quarterly Estimated Tax Payments - Reminder

If you are making quarterly estimated tax payments to the IRS, the due date for the June 1 - August 31, 2026 payment period is coming up next week on Tuesday, September 15, 2026.

For payments made using IRS Direct Pay, you can make payments until 11:45 p.m. ET on the due date. Debit and credit card payments may also be made online through an IRS-approved payment processor.

Happy Labor Day! ❤️🤍💙Wishing everyone in the Fox Valley a safe and relaxing holiday weekend. We’re especially grateful f...
09/07/2026

Happy Labor Day! ❤️🤍💙
Wishing everyone in the Fox Valley a safe and relaxing holiday weekend. We’re especially grateful for the hardworking people who help make our community what it is.

Our office will be closed Monday, September 7.

Address

230 N Koeller Street
Oshkosh, WI
54902

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