Cane Bay Financial Planning LLC- Stephanie Harvey

02/04/2026

The One Big Beautiful Bill Act extends the 2017 tax cuts, making some rules permanent. The bill also creates several new tax laws for individuals while addressing other tax issues for businesses.

It might be a good time to check with your tax, legal, or accounting professional about the changes in the law. Like previous tax laws, some new rules are scheduled to expire, while others are permanent. Here’s a look at changes expected to impact most tax filers shortly.

Sources:
CNBC.com, July 3, 2025.
Congress.gov, August 21, 2025.

02/02/2026

01/28/2026

Homeownership can bring added considerations during tax season.

As the IRS begins accepting 2026 tax returns, homeowners may be reviewing whether to itemize deductions or take the standard deduction. Depending on individual circumstances, certain expenses tied to owning a home may still be eligible for tax treatment under current rules, including mortgage interest and property-related costs.

Because tax situations vary, it may be helpful to review what applies to you before filing.

If you have questions about how these items show up in your overall financial picture, feel free to reach out. For specific tax guidance, it’s best to connect directly with your qualified tax professional. I’m happy to coordinate with them to ensure your financial strategy is aligned.



Source:

It will mostly be business as usual for homeowners this tax season. However, new changes introduced under the "big, beautiful bill" may affect how they file.

06/09/2025

What happens when inflation sticks around and the economy slows down?

That’s the concern the Federal Reserve shared in its latest meeting. With rising trade tensions and the potential for new tariffs, Fed officials warned that we could be heading toward a tricky economic crossroads: higher costs without the strong growth to match.

So what does that mean for you?

If inflation remains high, everyday essentials—from groceries to gas—could stay expensive. And if growth slows, it may be harder to see progress in wages, savings, or investments. That’s why the Fed is holding interest rates steady for now and watching the data closely.

It's a reminder that the bigger economic picture can have a real impact on your financial life, whether you're spending, saving, or investing.



Source:

Officials were concerned that tariffs could aggravate inflation and create a difficult quandary with interest rate policy.

04/21/2025

Market volatility is part of the investing process. More than 7 times a year investors should expect pullbacks of 3 percent and, at least once a year (since 1928), investors should be prepared for a 10 percent correction. When viewed from a historical perspective, recent market activity isn't as abnormal as one might think.