Lazo & Assoc. Tax Group

05/16/2026

Understand the Gift Giving Tax !!!

Presenting a gift to a grandchild does not normally have us thinking about the taxes. However, if not careful, the over-generous gift giver could end up with a surprise tax bill and a note from the IRS.

11/27/2025

Happy Thanksgiving to all of you 🦃🍁

08/22/2025

The One Big Beautiful Bill Act (OBBBA) makes a number of changes impacting the business landscape. Here are some tips.

Recent law changes require a new look for your business. Here are some tips.

08/15/2025

The OBBBA of 2025 makes overtime tax-free. But the devil is in the details. Here are some tips.

08/08/2025

Give your child a jump-start on retirement. Open a Roth IRA as soon as they start earning money to take advantage of compound interest and favorable tax treatment.

Want to give your child or grandchild a jump-start on their retirement? Here's a tip that will help them learn the value of investing and maximize the tax benefits.

08/06/2025

A new tax law has been passed. Lots of changes are here and will affect us in 2026. Beyond the noise from the media, here is what you really need to know.

The One Big Beautiful Bill Act (OBBBA) passage does a lot to make expiring tax laws more permanent for 2026 and beyond. But it also makes substantial changes to the 2025 tax landscape. This month's newsletter covers some of the major changes impacting your taxes for this year and action steps to tak...

08/01/2025

Ouch! Government overspending is reported each year in our 1040 IRS instruction booklet. Here's what it looks like for the most recent fiscal year for which info is available. It doesn't look good!

As taxpayers, it makes sense to understand how our government spends our money. Here are the most recent inflows and outflows as reported by the IRS in this year's 1040 instruction booklet.

07/25/2025

The new $6,000 deduction everyone should know about.

While personal exemptions are a tax benefit that is gone permanently, there is a new $6,000 benefit that everyone should understand. Here are the details.

07/18/2025

Tax Free tips are a new tax benefit. Here are the details and what you need to know.

Beginning this year through 2028, qualified tips up to $25,000 can be deducted from your income. Here are the details.

07/11/2025

The One Big Beautiful Bill Act or OBBBA brings many changes to your tax life. Here is what you need to know.

The One Big Beautiful Bill Act or OBBBA was signed into law last week. The main thing it does is help reduce uncertainty in expiring tax code. But it also changes things for this year. Here is what you need to know.