Walling’s Accounting & Tax Service

Walling’s Accounting & Tax Service Please contact us for all of your accounting & tax needs. We look forward to helping you!

07/20/2026

UPDATED MILEAGE RATES FOR 2026:

BUSINESS USE:

01.01.26 - 06.30.26 72.5 cents per mile
07.01.26 - 12.31.26 76 cents per mile

CHARITABLE USE:

NO CHANGE 14 center per mile

MEDICAL PURPOSES:

01.01.26 - 06.30.26 23.5 cents per mile
07.01.26 - 12.31.26 20.5 cents per mile

IT IS IMPORTANT TO KEEP A MILEAGE LOG!

03/14/2026

NEWS YOU CAN USE!

If you have student loan debt with higher interest rates, check out SoFi.com for a possible refinance of your loans!

Refinance rates

4.24% - 9.99% Fixed APR with autopay**
6.49% - 10.49% Variable APR with autopay**

03/02/2026

ON THIS EDITION OF "NEWS YOU CAN USE"

ESTATE TAX EXCLUSION INCREASED TO $15 MILLION.

ANNUAL GIFT EXCLUSION IS $19,000 PER RECIPIENT PER YEAR.

02/22/2026

NEWS YOU CAN USE................

STATE INCOME TAX REFUNDS!

2025 return processing is taking longer than usual because South Carolina currently does not conform to the federal One Big Beautiful Bill Act (OBBBA).

You can log in to your MyDORWAY account to check your return status.

If you do not have a MyDORWAY account, you can go to www.dor.sc.gov/refund. You will need your social security number and the amount of your refund. Once you are online, click on "Where's My Refund," input the requested information, and press "Search."

Need help? Call: 1-844-898-8542

02/11/2026

On this edition of "News You Can Use....."

Tax Law Change for 2026 (no, not for the 25 returns you are filing now):

Non-itemizers can now deduct up to $1,000 (single or $2,000 married filing jointly) in charitable contributions, even if you don't itemize! PLEASE NOTE: THIS DOES NOT INCLUDE NON-CASH CONTRIBUTIONS! So get those receipts for your donations!

02/03/2026

MORE NEWS YOU CAN USE:

Old rule: You had to issue a 1099-NEC or 1099-MISC if you paid a non-employee $600 or more in a year. New under HR-1/OBBBA: These thresholds will increase from $600 to $2,000, starting with payments made after December 31, 2025 (i.e., tax year 2026)

01/18/2026

NEWS YOU CAN USE:

To help avoid identity theft, consider freezing your credit with the 3 major credit bureaus:
Equifax
Experion
TransUnion

It's easy to do and only takes a few minutes. And it's FREE!

Address

2201 Azalea Patch Road
Ruffin, SC
29475

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm

Telephone

+18435388786

Website

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