Premier Accounting Services, P.C.

05/30/2026

05/29/2026

National 529 Day – Did You Know?

If you put money into a 529 education savings plan, earnings may be withdrawn federal income tax-free when used for qualified education expenses. Qualified expenses can include tuition, fees, books, supplies, computers, and for students enrolled at least half-time, certain room and board costs.

While 529 contributions are not deductible for federal income tax purposes, many states offer a full or partial state income tax deduction or credit for contributions. Some states and plan sponsors may also offer special incentives around National 529 Day.

Recent law changes expanded the use of 529 plans. In 2026, up to $20,000 per year, per student, may be used for qualified K–12 education expenses at public, private, or religious schools. Prior years were generally limited to $10,000 annually.

05/20/2026

Whether you're looking for info on IRS notices, trying to understand your tax obligations, or seeking help with your IRS issue, TAS is here to help. Our Get Help pages are a great place to start: https://ow.ly/vhlC50Z1KXH

05/20/2026

John had a great time speaking to the Pitman High Pitman Public Schools Business Academy, the kids were engaged and asked great questions. Thanks to Suzie Granato Castro for the invitation!!

05/18/2026

Qualifying Dependents – Did You Know?

In addition to your children and parents, a number of other individuals may qualify as your dependents for tax purposes. Important factors can include the person's income, how much support you provide, and how much of the year the person lives with you. In some limited cases, even a non-relative who lives with you year round as a member of your household may qualify as a dependent.