A to Z Tax Preparation and Bookkeeping Services

A to Z Tax Preparation and Bookkeeping Services Q & A segments for your business with the least liability and with tax info as it becomes available.

01/11/2026

The rules for vehicle deduction for interest-
Must be American Made and built between 2025-2028.
You will receive up to 10,000.00 deduction for interest even if you do not itemize!

01/09/2026

I know you have all been waiting:

The 2026 tax filing season officially begins on Monday, January 26, 2026, when the IRS starts accepting and processing 2025 federal income tax returns. This season introduces several major changes under the One, Big, Beautiful Bill (OBBB), including significant new deductions that could result in larger refunds for many taxpayers.

Key 2026 Tax Season Dates
January 26, 2026: Official start date for the general public to e-file and for the IRS Fillable Forms utility to open.

April 15, 2026: Deadline to file 2025 tax returns and pay any taxes owed without penalty.

October 15, 2026: Deadline for taxpayers who requested a six-month extension using Form 4868.

Significant New Deductions and Provisions
Taxpayers must use the new Schedule 1-A to claim these recently enacted benefits:

No Tax on Tips: A deduction of up to $25,000 for qualified tip income.

No Tax on Overtime: A deduction of up to $12,500 ($25,000 for joint filers) for premium overtime wages.

Enhanced Senior Deduction: Individuals aged 65 and older can claim an additional $6,000 deduction ($12,000 for joint filers).

Car Loan Interest Deduction: Up to $10,000 annually for interest paid on qualifying auto loans for U.S.-assembled vehicles.

Increased Standard Deduction: For 2025 returns filed in 2026, the standard deduction rises to $15,750 for singles and $31,500 for married couples filing jointly.

"Trump Accounts": A new type of child IRA where the government provides a one-time $1,000 contribution for eligible children; parents can enroll via the new Form 4547.

Note: The IRS is phasing out paper refund checks; taxpayers are strongly encouraged to use Direct Deposit to receive their refunds fa

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