Tess's Tax Solutions

10/14/2026

Social security benefit increase for 2027 🥳

Beginning in 2027, monthly Social Security benefits and SSI payments for 76 million Americans will increase by 3.6%. Get the details on our blog: https://ow.ly/hIGr50ZXyrh

10/12/2026

This is NOT a permanent exemption of tax on fuel, please understand the rules before you buy dyed diesel

Lowering transportation costs across the entire supply chain means savings that trickle down to reduce everyday expenses for every Missouri family, business, and consumer.

Read more: governor.mo.gov/press-releases/archive/governor-kehoe-expands-executive-order-providing-transportation-cost-relief

07/20/2026

As a tax professional, I will be voting NO on Amendment 5 to eliminate state income tax.

This amendment to the Missouri constitution will directly impact every resident equally, increasing your overall cost of living through other tax collection means.

Of the 4 states, Missouri is about the lowest tax rate already at around 3%. With many of you paying 0$ annual tax after standard deduction/exemptions. Retirees collecting SS and Public pension also pay 0$ tax.

So ask yourself...where do they aim to hit our wallets if they eliminate state tax??? And definitely look at the infrastructure that our income tax revenue monies are used for. No tax sounds great!!! But look at the real estate tax payments the residents of TX & FL are making on their properties in 2026.

Always do your own research so you can make the best informed decision for yourself and our Missouri Families.

07/15/2026

The IRS is increasing its standard mileage rates midyear, citing recent increases in fuel prices.

Beginning July 1, 2026, the optional standard mileage rates are:

• 76 cents per mile for business use, up from 72.5 cents

• 23.5 cents per mile for medical purposes, up from 20.5
cents

• 23.5 cents per mile for moving purposes for eligible active-duty members of the Armed Forces and certain members of the intelligence community, up from 20.5 cents

• 14 cents per mile for charitable miles, unchanged

05/08/2026

***Cheat code to getting a live IRS agent on the phone (always call first thing in the morning 7am local time)

Call 800-829-1040 and say 'Account Management'

Then say 'Something else' or press option 3

Then say 'Individual Tax'

That should do it! This is only for individual and not business taxpayer inquiries. Hopefully, they don't catch on and change their process 😎

04/03/2026

Check your mail!!

The Education Department sent out mass student loan discharge notices to thousands of borrowers this week, notifying them that their federal student loans are eligible to be cancelled.

The development, which is the latest in the Sweet v. McMahon legal battle, is a win for borrowers, all of whom have been waiting nearly four years for relief.

Here's what borrowers should know: https://www.forbes.com/sites/adamminsky/2026/04/01/mass-student-loan-discharge-notices-go-out-to-170000-borrowers-after-education-department-loss/?utm_campaign=ForbesMainFB&utm_source=ForbesMainFacebook&utm_medium=social
📸: Anna Moneymaker via Getty Images