Parmigiano Tax-Wise Services LLC

08/14/2026

The amount of your tax bill is often dependent on your age and the age of your children. You need to plan accordingly. Here are the details.

As your children age, you can easily be surprised by a larger tax bill. To help ease the possible burden, here are some possible tax hits to prepare for as your children grow older.

08/12/2026

Protect your wealth before it's at risk. Learn how tax planning and privacy habits can help reduce taxes, avoid mistakes, and defend against scams targeting your assets.

If you're interested in minimizing your tax obligations and maximizing your savings, consider the helpful tips and ideas you'll find in this newsletter. Call if you would like to discuss how any of this information relates to you. If you know someone that can benefit from this newsletter, feel free....

08/08/2026

⏰ What are you waiting for?

If you haven’t scheduled time to speak with your tax advisor, NOW is the time.

Changes in your business usually mean changes in your taxes. Have you:

📈 Increased your income?
👥 Hired employees or contractors?
🏢 Changed your business structure?
🚗 Purchased equipment or a vehicle?
💰 Expanded, invested or added new services?

Each change can create new tax consequences—and new planning opportunities.

Don’t wait until tax season to discover what you could have done. Let’s create a proactive strategy now, while you still have time to make smart moves.

What’s the biggest change your business has experienced this year? Share it in the comments! 👇

📞 609-488-6391
📧 [email protected]
📅 calendly.com/ptwsllc

08/07/2026

Time to plan for new contribution levels for your health savings account. Find the 2026 limits here.

Contribution limits for the ever-popular health savings account (HSA) are outlined for 2026. Now is a great time to review your situation and make adjustments as appropriate.

08/07/2026

🚨 BUSINESS MILEAGE ALERT! 🚗💨

The 2026 standard business mileage rate changed in the middle of the year:

📅 January 1–June 30: 72.5¢ per mile
📅 July 1–December 31: 76¢ per mile

That means you cannot simply multiply all your 2026 business miles by one rate. Your mileage records must be separated between the two periods.

✅ Record your mileage as of June 30
✅ Begin a separate total starting July 1
✅ Track each trip’s date, mileage, destination and business purpose
✅ Keep business and personal mileage separate
✅ Save your mileage-app reports or written logs

Waiting until tax season to recreate your mileage is a headache nobody needs—and estimates may not provide the documentation needed to support your deduction. 😬

How are you tracking your business mileage?

📱 Using an app
📝 Writing it down
🚙 Using vehicle records
😳 “Tracking? I was supposed to be tracking?”

Drop the matching emoji in the comments! Let’s see which method wins. 👇

Need help getting your records and tax strategy organized?

📞 609-488-6391
📧 [[email protected]](mailto:[email protected])
📅 calendly.com/ptwsllc

08/05/2026

Tax savings come in all shapes and sizes. Here are some life events that require your attention if you do not wish to have a tax surprise latter on during the year.

Sometimes the biggest financial opportunities come from paying attention to the details. In this issue, we highlight the details of several tax rules that can impact many of your life's important milestones. You'll also find an overview of the increased business mileage rates for the second half of....

07/31/2026

Before school gets going this fall, check out these school expenses that might help you decrease your tax bill.

Time to buy school supplies? Pay for field trips? Is any of this tax deductible? Here are some ideas to find a tax break in the back-to-school rush.

07/24/2026

If you're age 70 or older, you can transfer up to $100,000 (or a total of $200,000 for joint filers) directly from your IRA to a qualified charitable organization without paying any tax.

Even though the higher standard deduction limits make charitable deductions harder to find, there are still great options to find tax breaks within your charitable giving. Here are some great tips.