Elixir Business Support Solutions Inc

01/22/2026

Student loan enforcement is restarting. Should bankruptcy be considered? Learn the pros, cons, credit impact, and tax implications before deciding.

01/21/2026

Modified Adjusted Gross Income (MAGI) often emerges as a silent yet powerful factor that can dramatically influence a taxpayer’s tax outcomes. This amount, which determines eligibility for key tax benefits, can stealthily transform anticipated tax savings into liabilities, leading to what is commonly referred to as a "tax torpedo."

Learn how MAGI triggers tax torpedoes like Social Security taxation, Medicare IRMAA, SALT limits, NIIT and AMT, plus strategies to reduce unexpected tax issues.

01/20/2026

Generally, individuals are required to file a tax return for a year if their income exceeds the standard deduction for their filing status for that year. But even if they are not required to file, it may be beneficial to do so. They could be missing out on huge refundable tax credits and carryovers of tax benefits.

Learn the 2025 income thresholds for filing a tax return and when it pays to file anyway due to refundable credits and carryover deductions.

01/19/2026

Watch this video to see why it can be beneficial to file your taxes even if you are not required to do so.

01/16/2026

Poland has passed a zero personal income tax law for parents with two or more children earning up to 140,000 zloty, boosting family income and economic support.

01/15/2026

A big tax refund feels good, but it often signals missed planning. Learn how withholding reviews, estimates, and life changes affect your taxes.

01/15/2026

Income tax can feel confusing, but it doesn’t have to be. Learn the basics of brackets, AGI, MAGI, deductions, and credits so you can work more effectively with your tax professional.

A simple guide to income tax basics, covering brackets, AGI, MAGI, deductions, credits, taxable income, and how to work effectively with your tax professional.

01/13/2026

The One Big Beautiful Bill Act is packed with big claims but the fine print tells a different story. Learn what really changes, what doesn’t, and how these tax rules affect your planning.

Explore what the One Big Beautiful Bill Act really changes, including Social Security taxation, senior deductions, overtime rules and tip income limits,

01/12/2026

Don’t forget to check for Form 1099-DA sent to your mailbox if you have digital asset transactions last year. Watch this video for details.

01/09/2026

Kids, aging parents, peak income, and no time. Why Gen X feels squeezed, and why tax planning matters more than ever.

Kids, aging parents, peak income, and no time. Why Gen X feels squeezed—and why tax planning matters more than ever.

01/08/2026

A real lawsuit claims a dog should qualify as a tax dependent. Here’s what the case says, and what the IRS actually allows when it comes to pets and taxes.

01/08/2026

It’s tax time, and gathering your records may feel daunting, but being organized helps you save money. Arriving prepared gives you more time to review deductions and plan ahead.

Tax season is approaching. Learn about key deductions, new OBBBA changes, and tips for organizing documents so your tax appointment goes smoothly.