Timothy P. McKee, CPA

05/31/2026

Save for emergencies AND get employer matching? Yes, really.

Tax-free withdrawals, automatic savings, and employer match—why more people aren’t talking about this…

The hidden perk in your retirement plan that could save you in a crisis.

Secure 2.0 Act made it easier for employers to help workers save for emergencies.

Read more below.

SECURE 2.0 made it easier for employers to help workers save for emergencies.

05/30/2026

Wait, homeowners are leaving money on the table. Are you?

Your home isn't just where you live--it's one of the most powerful tax tools you own. From mortgage interest to capital-gain exclusions, understanding the rules around your principal residence can unlock thousands in savings.

Read about them at the link below.

Your principal residence offers a number of potential tax benefits, including the ability to deduct the mortgage interest and real estate taxes that you pay. You may also be able toexclude some or all of any capital gain resulting from the sale of your principalhome from federal income tax.

05/28/2026

Ever wonder what penalties and interest you would owe if you file and pay federal taxes late?

This article will tell you.

Certain penalties and interest may be charged for paying and fling income taxes late.

05/26/2026

The teen job market isn’t just tough — it’s transformed.

When I was a teen, I mowed a couple of cemeteries and worked for my dad’s excavating business. I was blessed with these opportunities.

Today economic shifts, automation, and competition from older workers have reshaped summer employment.

But teens still have options.

Click below for four strategies that help them stand out and earn in 2026.

What used to be a rite of passage may be yet another source of anxiety for today's teens.

05/25/2026

Terribly sad time when a family member passes away. What tasks need to be done now?

Here is a list of tasks that may need to be completed upon the death of a family member.

Here is a list of tasks that may need to be completed upon the death of a family member.

05/25/2026

Never too early to do some meaningful tax planning. My grandson Rowan shares my approach to welcoming clients and helping them improve their tax plans.

05/24/2026

Foreign income in your finances? Did you take the foreign tax credit on your tax return?

In my tax practice, I see foreign income most often on 1099 forms issued for brokerage accounts. Also, if you have worked outside of the United States, you may income tax that you paid to a foreign country.

Read more about by clicking below to learn more.

Contact me if you would like to talk about your own situation.

If you have worked outside of the United States, you may be able to take a credit on your U.S. federal income tax return for income tax you paid to a foreign country. You can claim the foreign tax credit when you've paid (or accrued, if you're using that method of accounting) taxes to a foreign coun...

05/23/2026

Are you leaving money on the table with the QBI deduction?

In my experience, the 20% Qualified Business Income (QBI) deduction isn't top of mind to taxpayers but remains one of the most powerful tax tools for business owners—and it’s here to stay, with updates under the new One Big Beautiful Bill Act (OBBBA) of 2025.

Dive into the details and see how to maximize your deduction in our latest post.

Beginning in 2018 under the Tax Cut and Jobs Act of 2017 and continuing under new provisions in the One Big Beautiful Bill Act ,, an individual taxpayer (and certain trusts and estates) may claim an income tax deduction equal to 20% of the taxpayer's allocable share of qualified domestic bus...

05/22/2026

Your employer-sponsored retirement savings plan may offer a variety of tax benefits.

05/21/2026

What is the earned income credit (EIC)? Can someone you know use it?

The earned income credit (EIC) is a REFUNDABLE tax credit available to certain low-income working individuals who earned income during the year and who had less than a specified amount of investment income.

This credit reduces the amount of federal tax you owe. If you file a tax return and meet all applicable requirements for the EIC, your tax liability will be reduced and you may receive a refund.

Read more at the link below

The earned income credit (EIC) is a refundable tax credit available to certain low-income working individuals who earned income during the year and who had less than a specified amount of investment income. This credit reduces the amount of federal tax you owe. If you file a tax return and meet all....