Yvette Latta, CPA

03/19/2026

Based upon many conversations with multiple clients there appears to be some confusion regarding some of the tax credits/changes in The One Big Beautiful Bill Act.

No. 1 confusion "No tax on social security" That is not correct. The OBBBA added an additional $6,000 standard deduction to individuals 65 and over. Single filers get $6000 if married and both over 65 get $12,000 additional standard deduction.

No. 2 confusion - "No tax on overtime" That is also not correct. This OBBBA tax credit reduces taxable income by the portion of overtime paid. Example - If an employee's normal hourly wage is $10 and overtime wage is $15, any overtime hours will get $5 per hour taxable income reduction. You will NOT get that $5 refunded to you.

These two items have been the most commonly misunderstood tax items for the 2025 tax filing season.

Hope this clears it up.

02/07/2026

Let's get your taxes filed!!

Individual and corporate taxes.

Over 30 years of experience (don't know how that's possible since I'm only 29 😆😉)

12/31/2025

Happy New Year to all my clients. Wishing you a prosperous and healthy 2026. See you in a few weeks. Stay safe this evening!

03/08/2025

Kentuckians have until November 3rd to file taxes because of flooding. Any questions, please reach out.

KY-2025-02, Feb. 24, 2025 — The Internal Revenue Service announced today tax relief for individuals and businesses in the entire state of Kentucky affected by severe storms, straight-line winds, flooding, and landslides that began on Feb. 14, 2025.

10/17/2024

A Floyd County client of mine is looking for candidates to fill a part-time clerical position. Ideal candidate would be someone who is self-motivated, organized, and detail-oriented. Proficient in Microsoft Excel, Microsoft Word and Quickbooks Desktop. Please send resumes to [email protected] or direct message me and I will forward information. Thanks!