by tosa accounting & tax | Jan 14, 2026 | Tax Tips and News
We’d like to share another helpful update from the One Big Beautiful Bill Act (OBBBA) that may benefit many seniors. If you or your spouse are age 65 or older by the end of the tax year, you may qualify for a brand-new deduction. How Much Is the Deduction? $6,000...
by tosa accounting & tax | Dec 22, 2025 | Tax Tips and News
Good afternoon, We wanted to share an important tax update that may benefit many of you who earn tips. A new rule under the One Big Beautiful Bill Act (OBBBA) allows you to deduct certain cash tips from your taxable income for tax years 2025 through 2028 — even if you...
by tosa accounting & tax | Dec 15, 2025 | Tax Tips and News
Here’s another helpful update under the One Big Beautiful Bill Act (OBBBA), and this one may benefit anyone planning to purchase a new personal vehicle in the next few years. For tax years 2025 through 2028, you may be able to deduct the interest paid on a qualifying...
by tosa accounting & tax | Dec 9, 2025 | Tax Tips and News
As we gear up for the 2025 tax season, we’re excited to introduce our new newsletter series designed to help you stay informed of important tax changes, and prepared for planning opportunities. As a small, locally-owned firm, we value the trust you place in us. Our...
by taxPRO Websites Staff | Aug 26, 2023 | Tax Tips and News
Any successful tax preparer knows how to navigate a constant state of flux, as financial regulations, laws, and client expectations can change at a moment’s notice. Staying informed, thus, is not just a preference – it’s a necessity. Clients rely upon your expertise...
by taxPRO Websites Staff | Aug 25, 2023 | Tax Tips and News
As recovery efforts are underway for victims of the devastating wildfires in Hawaii, the Internal Revenue Service is moving to give survivors one less thing to worry about. The agency has launched its tax relief package for victims in Maui and Hawaii counties...
