1818 Elite Financial

01/27/2026

🚨FREE LEARNING TOOL🚨

Check out the IRS “Understanding Taxes” simulator. It has an expansive glossary for tax terminology and interactive modules to teach you about basic tax prep concepts.

Did I mention it was FREE?

https://apps.irs.gov/app/understandingTaxes/student/index.jsp

Happy filing, happy learning, happy growing!

01/26/2026

TAX LAW UPDATES🗣️🗣️🗣️

OBBBA Changes for TY 2025 1/2

-Social Security benefits remain taxable up to 85%

-$6,000 enhanced deduction for seniors 65+ (phases out at higher incomes)

-No tax on tips deductions which allows for a deduction of tip income up to $25,000 (phases out at $150k for single filers and $300k for MFJ)

-Overtime deduction of up to $12,500 for single filers and $25,000 for MFJ (phases out are same as the point above)

-Interest paid on car loans (not a lease) for NEW US-assembled vehicle is deductible up to $10,000 (phases out at $100k for single filers and $200k for MFJ)

-Expanded SALT deducton now capped at $40k

-Standard Deduction Increases:
$31,500 for married couples filing jointly
$15,750 for single filers and married individuals filing separately
$23,625 for heads of household

-No tax on car loan interest up to $10k on personal vehicles purchased after 12/31/2024 that underwent final assembly in the United States (leases excluded)

-Trump Accounts: new type of IRA accounts for children born between 1/1/2025-12/31/2028 under 18 and are eligible to be funded 7/4/2026. US citizens sith a valid SSN can get up to $1,000 deposited on theif behalf

-Refundable adoption credit up to $5,000 (indexed for inflation)

Comment below to add value or ask questions ⬇️⬇️⬇️

Which one will benefit you or your clients the most?❓❓

01/09/2026

MOMENT OF TRANSPARENCY

During our silence we had some changes in leadership. Change is hard but good! We are so excited to share some of the things we’ve been building. Back to the basics we go!

01/08/2026

To our followers, clients, supporters, and fans thank you so much for your loyalty. It has been an honor to service you all over the years.

We have been inactive for a while to create better processes to serve you all in the most elite way possible. We have some great things to come and can’t wait for you all to follow us in the new direction we’re headed!

Stay tuned for updates!

08/14/2024

As summer comes to a close we are pleased to have had another successful season. However after much debate, we have made the decision to revamp our processes and pricing.

All current clients will be grandfathered in, all new clients will be vetted and accepted based on our new standards.

We thank you all for your support, loyalty, and referrals over the years! We hope they continue as we usher in these new changes. More details soon to come!

With love,

1818 Elite Financial

06/14/2024

Discover key lessons from Michael Jackson's $700 million IRS tax dispute. Learn how to avoid common estate planning and tax issues to protect your assets and beneficiaries.

Discover key lessons from Michael Jackson's $700 million IRS tax dispute. Learn how to avoid common estate planning and tax issues to protect your assets.

06/12/2024

Learn budgeting tips, financial strategies, and the benefits of partnering with an accounting expert to achieve financial stability and growth.

06/10/2024

Discover why living below your means is crucial for new entrepreneurs. Learn practical tips for managing cash flow, maintaining investor confidence, and ensuring sustainable business growth; essential reading for startup founders and business owners.

Discover why living below your means is crucial for new entrepreneurs.

06/10/2024

Planning ahead and making strategic financial decisions mid-year can significantly reduce your tax liability and maximize your savings. Watch this video for quick tips.

06/06/2024

Summer is approaching, and this may be a good time to find your child employment. The standard deduction for a single individual is $14,600 in 2024, meaning that your child can now make up to $14,600 from working without paying any federal income tax on their earnings.

Children who are dependents of their parents are subject to what is commonly referred to as the kiddie tax.

06/04/2024

As a small business owner, one of your primary goals should be to maximize your business deductions to minimize your tax liability. Effective tax planning can significantly impact your bottom line, allowing you to reinvest more into your business.

As a small business owner, one of your primary goals should be to maximize your business deductions to minimize your tax liability.

06/03/2024

Summer break is the perfect time to explore employment opportunities for your children. Watch this video to learn what tax advantages are there for your child.