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Tax and Spending Bill Signed into Law
President Trump signed into law the One Big Beautiful Bill Act (OBBBA) on July 4, 2025, after months of deliberation in the House and...

Valerie Flores, CPA•CFP®•EA
Jul 29


Required Distributions: Changes You Need to Know
The Setting, Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act), changed the rules for taking distributions from...

Valerie Flores, CPA•CFP®•EA
Aug 27, 2024


Some States Will Offer Home Energy Rebates in 2024
The Inflation Reduction Act of 2022 included two provisions allowing rebates for home energy efficiency retrofit projects and home...

Valerie Flores, CPA•CFP®•EA
Apr 25, 2024


New Retirement Savings Options for 2024
The SECURE 2.0 Act, passed in December 2022, made wide-ranging changes to U.S. tax laws related to retirement savings. While some...

Valerie Flores, CPA•CFP®•EA
Jan 9, 2024


RMD Relief and Guidance for 2023
In early 2022, the IRS issued proposed regulations regarding required minimum distributions (RMDs) to reflect changes made by the Setting...

Thomas Schorn, CPA•CFP®
Aug 1, 2023


New Clean Vehicle Tax Credit Guidance Issued
Starting in 2023, a personal or general business tax credit of up to $7,500 is available to purchase new clean vehicles meeting specific...

Valerie Flores, CPA•CFP®•EA
May 18, 2023


Tax-Friendly Giving Strategies
You may donate money to charitable organizations throughout the year for no reason other than your heart-felt desire to support causes...

Valerie Flores, CPA•CFP®•EA
Dec 15, 2022


Reducing Taxes in Retirement
States vary widely in how they tax retirement income, so where you live is an essential consideration in tax planning for retirement....

Thomas Schorn, CPA•CFP®
Aug 30, 2022


Inflation Reduction Act: What You Should Know
The Inflation Reduction Act, signed into law on August 16, 2022, includes health-care and energy-related provisions, a new corporate...

Thomas Schorn, CPA•CFP®
Aug 23, 2022


IRS Refund Delays
I contacted the Taxpayer Advocate Service since I am receiving many calls from clients asking when they would receive their tax refunds....

Thomas Schorn, CPA•CFP®
Jul 10, 2022


NEW MILEAGE RATE effective July 1st
Beginning July 1, 2022, the IRS has increased the standard mileage rate for business use to 62.5 cents per mile. That's a 4 cent increase...

Valerie Flores, CPA•CFP®•EA
Jul 2, 2022


Required Distributions: Changes You Need to Know
The Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 changed the rules for taking distributions from retirement...

Thomas Schorn, CPA•CFP®
Apr 30, 2022


Watch Out for These Common Tax Scams
According to the Internal Revenue Service (IRS), tax scams tend to increase during tax season and times of crisis.1 Now that tax season...

Thomas Schorn, CPA•CFP®
Mar 10, 2022


Florida Internship Tax Credit Program
The Florida Internship Tax Credit is now available to be claimed by taxpayers for taxable years beginning on or after January 1, 2022....

Thomas Schorn, CPA•CFP®
Feb 25, 2022


Stimulus check update: Look for IRS 6475 – are you owed money
Be sure to keep an eye out for Letter 6475, Your Third Economic Impact Payment from the IRS. This letter will help you determine if you...

Thomas Schorn, CPA•CFP®
Jan 27, 2022


Reasons Some Non-Filers Should File This Year
With tax time's arrival, those Americans who don't normally have to file an income tax return usually think their circumstances mean they...

Thomas Schorn, CPA•CFP®
Jan 25, 2022


Salt Tax Limitations Work Around
For tax years 2018 through 2025, the Tax Cuts and Jobs Act of 2017 (TCJA) limits individual itemized deductions for state and local...

Thomas Schorn, CPA•CFP®
Jan 13, 2022


Year-End Charitable Giving
With the holiday season upon us and the end of the year approaching, we pause to give thanks for our blessings and the people in our...

Thomas Schorn, CPA•CFP®
Nov 18, 2021


RMD Roundup: A Few Key Updates About Required Minimum Distributions
As we approach the end of 2021, now might be a good time to take a closer look at a few developments surrounding required minimum...

Thomas Schorn, CPA•CFP®
Nov 13, 2021


Current Tax Draft Legislation
On September 13, 2021, the House Ways and Means Committee released draft legislation that proposes a series of tax increases and tax...

Thomas Schorn, CPA•CFP®
Sep 18, 2021
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