Porter, Carswell, and Raya, Chtd.

06/02/2026

You can gift money (or other assets) to family or friends without worrying about taxes or paperwork! Helping a child with a down payment or supporting a family member can be done without negative tax consequences.

• For 2026, you can give up to $19,000 (same as in 2025) to any one person in one year without triggering federal gift tax reporting.
• If you’re married and both spouses give, you can effectively double that: up to $38,000 per recipient per year by gift-splitting.

Call our office if we can help!

05/27/2026

Will the IRS increase the standard mileage rate midyear?

It has happened before. When gas prices spiked in the first half of 2008, 2011 and 2012, the mileage rate was increased for the final six months of those years. Certainly gas prices have gone up dramatically this year, maybe enough to trigger an adjustment?

The current mileage rate for 2026 is $.725/mile for business driving, $.205/mile for medical travel and military moves, and $.14/mile for charitable trips. The latter will not change because it is fixed by statute.

05/12/2026

Please consider this Kansas tax credit opportunity! We have worked with AbilityPoint for many years, and they need your help raising funds to expand their facilities and make an even greater impact in our community. We are grateful for the important work they do!

05/11/2026

Did you know the IRS is required to pay interest on a tax refund when it is not issued within 45 days of the tax return's filing deadline (typically April 15th) or 45 days after the return is actually filed, whichever is later? For late-filed returns, the 45-day clock begins on the date the IRS receives the return. Interest is calculated at a rate set quarterly and compounds daily.

05/04/2026

Come join our team!

05/01/2026

Heads up for 2026: Nonitemizing taxpayers will get a nice tax break for their charitable donations. They will be able to deduct up to $1,000 of charitable CASH gifts without having to itemize on Schedule A. The amount is $2,000 for joint filers.

Keep track of your cash contributions this year!

04/13/2026

We will be closed Friday afternoon, April 17th, and all day Monday the 20th, as our partners and staff take a little recovery time.

04/07/2026

A little more than a week to go...

04/01/2026

Some days are just better than others.

03/19/2026

The IRS has issued its 2026 Dirty Dozen list of tax scams. Protect yourself!

IR-2026-30, March 5, 2026 — The Internal Revenue Service today announced its annual Dirty Dozen list of tax scams for 2026 that threaten the tax and financial information of taxpayers, businesses, and tax professionals.