Gelski Business Solutions & Tax Service

04/30/2026

Iowa Retirees listen up! Iowa doesn’t tax your retirement income. Dont let the state use your money. If you have questions, let’s review your tax return and maximize your disposable income.

02/16/2026

DID YOU KNOW…..one of the new tax law changes in the BIG BEAUTIFUL BILL last year allows you to deduct the interest paid if you bought a new car in 2025 and financed it! This is in effect through 2028 So you been thinking about buying a new car and you finance it, interest is deductible if you meet the criteria below.

1) for this 2025 filing year the vehicle has to be a 2024 or 2025 and bought New
2) Be manufactured or assembled in the USA.
3) the interest charges are deductible as a tax credit

Let me know what topics you’re interested in and would be happy to answer your questions!

01/31/2026

Numerous changes are being implemented this year under the Big Beautiful Bill, with reports suggesting larger refunds for taxpayers. A key change affects those who bought a new, domestically produced car in 2025; these individuals can claim a deduction on the interest paid on their vehicle loan, potentially increasing their tax credit and lowering their overall tax liability for the 2025 filing year. Let me know if I can help you or someone you know who needs help filing their 2025 tax return.

01/27/2026

For all of you that file Iowa Tax Returns. Did you know if you start an Iowa College 529 Plan for your kids or grandkids you can deduct that as a tax credit on your Iowa State tax return? I started one a couple years ago for my granddaughter and get to deduct it as a tax credit AND when she is ready to go to College it’s tax free money! An additional tax credit for me and win for her! I need all the tax credits I can get!

01/19/2026

Tax electonic filing season starts effectively on January 26th,2025. With all the changes in tax legislation and IRS still finalizing forms I will start efiling around February 15th.

Reach out if I can help you, family or friends! They are claiming our tax refunds should be larger this year! Let’s hope they’re right!

10/19/2025

10/19/2025

The 2025 Tax Filing Season will start again in a matter of of 12 weeks it will be time to gather our tax receipts and call to make an appointment to get your taxes filed.

I have had alot of Seniors asking about how this "Big Beautiful Bill "will affect them and the Trump Organization campaign promise was to NOT tax our Social Security Income. Well, it's going to be handled differently. For those of you collecting Social Security and still have to files taxes will receive a CREDIT for any taxes owed.

✅ What’s new for seniors

1. Additional “senior bonus” deduction (65 +)

Taxpayers aged 65 or older at the end of the tax year can claim an extra deduction of up to $6,000 (single filer) or $12,000 (married filing jointly, both spouses 65+) in addition to the standard deduction or itemized deductions.

This deduction is available even if you don’t itemize your deductions — i.e., it applies whether you take the standard deduction or itemize.

Income phase-out: For a single filer, the deduction begins to reduce when Modified Adjusted Gross Income (MAGI) exceeds $75,000 and is fully phased out by a certain point. For joint filers, the threshold starts at $150,000 MAGI.

Temporary: The deduction is limited to tax years 2025 through 2028 unless extended.

2. How this affects taxes on Social Security benefits

While some messaging suggested that the OBBBA would eliminate federal taxes on Social Security benefits for seniors, that is not accurate. The law does not directly repeal the taxation of Social Security benefits.

What it does: Because of the extra deduction for seniors, many more older taxpayers may be able to reduce their taxable income enough that either they pay zero federal tax or reduce the taxable portion of their Social Security income. For example, some estimates suggest that under the new law, about 88% of seniors will have enough deductions to wipe out their federal tax on Social Security income (versus ~64% under prior law) for those who qualify.

3. Changes to standard deduction (general, not just seniors)

The standard deduction for all taxpayers is increased (for example, single filers’ standard deduction rising to ~$15,750 and married filing jointly to ~$31,500 for tax year 2025) under the law.
The Week

For seniors, you get the regular extra standard deduction for age 65+ (which already existed) plus the new senior bonus deduction mentioned above.

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04/04/2025

If you haven't filed taxes in a while, it's time to get caught up! If you haven't filed your 2022 tax return, let's get it done. If you don't file your 2022 return by October 2025, you will forfeit any refund. Meaning the government keeps it! It's YOUR money! Let's get you your refund!! Call or message me to get it done!

01/02/2025

Happy New Year! Tax filing season starts officially on January 27th. I will be starting to file returns on February 1st. Let me know if I can help you or your family members file their 2024 tax returns!

Send a message to learn more

12/20/2024

Thirty-nine states will begin 2025 with notable tax changes, including nine states cutting individual income taxes (two of them implementing flat taxes), three states cutting corporate income taxes, and two states adopting new first-year expensing provisions. Generally, state tax changes take effect either at the start of the calendar year (January 1) or the fiscal year (July 1 for most states), with rate changes for major taxes typically implemented effective January 1—either prospectively, as in these cases, or retroactively, as may happen under legislation enacted in the new year.

Recent years have seen a wave of significant tax reforms, and the changes scheduled for 2025 show that these efforts have not let up. The evidence of the past four years indicates that many states understand and value the importance of creating and maintaining a stable, pro-growth, and competitive tax code.

Summary of State Tax Changes

Individual Income Tax Changes
Nine states—Indiana, Iowa, Louisiana, Mississippi, Missouri, Nebraska, New Mexico, North Carolina, and West Virginia—will cut individual income tax rates on January 1, 2025, with another (South Carolina) making a temporary reduction permanent, with further cuts on the way. Iowa and Louisiana will transition to single-rate income taxes, continuing a recent trend of states adopting flat income taxes. New Hampshire’s tax on interest and dividends income has been repealed. And Hawaii, a state that does not automatically index its brackets to inflation, will substantially widen bracket widths in 2025, exposing more income to lower marginal rates.

State Individual Income Tax Rate Changes

Top Marginal Rates, 2024 and 2025

State 2024 2025
Indiana 3.05% 3.00%
Iowa 5.70% 3.80%
Louisiana 4.25% 3.00%
Mississippi 4.70% 4.40%
Missouri 4.80% 4.70%
Nebraska 5.84% 5.20%
North Carolina 4.75% 4.50%
West Virginia