Van Orden Bookkeeping & Tax Services

03/17/2026

01/21/2026

The 2026 Tax Filing Season Opens Next Week!

The IRS has announced the first day of the 2026 filing season and now is a good time to start preparing your 2025 tax returns. January 26, 2026, is the opening of the nation’s 2026 filing season. This year, several new tax law provisions of the One, Big, Beautiful Bill become effective, which could impact federal taxes, credits and deductions. Learn more at IRS.gov.

https://www.irs.gov/newsroom/irs-announces-first-day-of-2026-filing-season-online-tools-and-resources-help-with-tax-filing

IR-2026-02, Jan. 8, 2026 — The Internal Revenue Service announced Monday, January 26, 2026, as the opening of the nation’s 2026 filing season. This year, several new tax law provisions of the One, Big, Beautiful Bill become effective, which could impact federal taxes, credits and deductions.

07/05/2025

📊 Major Tax Changes

• Makes 2017 Trump-era tax cuts permanent, with new perks:
• 🆓 No federal tax on tips or overtime pay  .
• Child Tax Credit increased to $2,500 through 2028, then $2,000 .
• SALT deduction cap raised from $10k to $40k (phases down for incomes > $500k) through 2029 .
• Permanent 20% pass-through (QBI) deduction for small businesses and landlords .
• Immediate expensing 100%, higher standard deduction—even expanded to support small businesses .

⸻

💸 Spending Cuts & Work Requirements
• Medicaid & SNAP:
• $1.2 trillion in cuts to Medicaid and food stamps .
• New work‑requirement rules for able-bodied adults on SNAP/Medicaid by 2026 .
• Locations with benefit error rates above 6% must share admin costs .
• Bans gender‑affirming care under Medicaid/CHIP, also removes it from ACA essential benefits .

⸻

🛡️ Defense & Border Security Investment
• Defense: +$150 billion (including missile systems like the “Golden Dome”) .
• Border security: $46 billion for wall, plus $5 billion for CBP facilities, $4 billion for Border Patrol hires, $2.7 billion for surveillance, etc. .
• Immigration enforcement: $350 billion expanded funding in the Senate version .

⸻

⚡ Energy, AI & Other Themes
• Clean‑energy credits rolled back under the IRA; wind credits phased out after 2027, tighter rules for solar components .
• Limitation on state AI regulation for 10 years .
• Student loans tightened—more repayment, less forgiveness .
• $1,000 MAGA savings accounts for kids born 2024–28 .
• Tax on large university endowments, rescind IRS Direct File, plus penalties for nonprofits supporting terrorism .
• Federal land sales and Elimination of green-energy incentives .

⸻

📈 Fiscal & Social Impact
• Debt increase projected at $2.4–3.3 trillion over next decade ().
• Medicaid & insurance losses expected for 8.6–11 million Americans .
• Criticism: Democrats term it “One Big Ugly Bill”—claiming it adds massive debt, favors wealthy, and harms low-income and border communities.

07/04/2025

On behalf of our entire office, we wanted to wish you a fun, safe and healthy
holiday.

06/17/2025

Discover all that Van Orden Bookkeeping and Tax Services has to offer on our website!

Stay informed with the latest updates, explore our wide range of offerings, and connect with everything exciting happening here.

Visit us at https://vanordenbookkeeping.com today to see what’s waiting for you!

Helping you make informed financial decisions

05/11/2025

Tired of the stress that comes with taxes and bookkeeping?

Let Van Orden Bookkeeping and Tax Services handle the numbers so you can focus on what matters most your business, your family, and your peace of mind.

We offer reliable, accurate, and professional services tailored to your needs:
• Personal & business tax preparation
• Bookkeeping you can count on
• Year-round support, not just at tax time

Whether you’re self-employed, a small business owner, or just need help keeping your finances in order, we’re here to help you stay organized and compliant.

Van Orden Bookkeeping and Tax Services
Your trusted partner for bookkeeping and tax solutions.

Contact us today to get started!