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The IRS has increased the mileage rate mid-year to keep up with increasing gas prices. Effective July 1, 2026 both the business and the medical/moving mileage rates are increasing.

Nathan Walker, CPA, MSA •

Trump Accounts opened for contributions on July 4, 2026, and the headlines have been enthusiastic: tax-advantaged savings for your kids, a $1,000 federal seed deposit for babies born 2025 through 2028, and the word “free” doing a lot of work.
Here’s my take as a tax practitioner; 

Gentle Readers,
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This is likely my shortest missive of all time. Don’t dismay: if I survive the April tax deadline (and I always do), I’ll be back with long and windy articles with breathtaking insights and commentary. However, today my message is short and sweet.

You must return the signed Form 8879 before your tax preparer can file your return!! 
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Lena Tassi, CPA, MSA •

​The One Big Beautiful Bill Act (OBBBA), signed in July 2025, changed the deductibility of charitable giving for individual and business taxpayers beginning after December 31, 2025. Here is a quick overview of the changes and how they may impact you.

Rebecca Acorn, CPA, MST •
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​A 529 plan is a qualified tuition plan by IRC Section 529. 529 Plans were created to allow tax free savings for college.  Distributions from the plan are not included in income if the distributions are for qualified higher education expense for the designated beneficiary.  The OBBBA, expanded the categories and amounts allowed for tax-exempt distributions.