Author: Admin
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Photo: Optima Tax ReliefMileage Rates for 2025 TY
Mileage rates for 2025 – for taxes filed in 2026 Effective January 1 through Dec. 31, 2025, the standard mileage rates are as follows:
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Photo: City of Essex JunctionREMINDER – Property Tax Listing Requirements for 2025 TY
This is a friendly reminder regarding property tax listing requirements for the upcoming filing season. Important Deadlines: Timely submission of your information is essential to avoid penalties or late filings. If you have questions or need assistance, please contact our office as soon as possible. If you received a property tax listing form, please review…
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Photo: United-Tax-SolutionsDecember Insights
IRS Tax Tip 2025-70, Dec. 9, 2025 The new year is less than a month away which means the 2026 tax filing season is drawing near. The IRS encourages taxpayers to “Get Ready” and start preparing now. Taking a few steps today can save time and help taxpayers ensure they’re filing accurate returns in the…
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Photo: Tull-Financial-GroupNovember Insights
PLANNING FOR RETIREMENT IRS Tax Tip 2025-62, Sept. 16, 2025 Planning for retirement may seem daunting, but it’s important to start early. Individual retirement accounts provide tax incentives for people to make investments towards their financial future. IRAs let earnings grow tax deferred. Individuals pay taxes on investment gains only when they make withdrawals. Depositors…
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Photo: Retirement-Budget-CalendarOctober Insights
SENIOR DEDUCTIONS Overview of the deduction Who qualifies How to claim the deduction
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Photo: William Vaughn CompanySeptember Insights
BUSINESS OR HOBBY? IRS Tax Tip 2025-42, June 24, 2025 Hobbies and businesses are treated differently when it comes to filing taxes. The biggest difference between the two is that businesses operate to make a profit while hobbies are for pleasure or recreation. Either way, if they are paid through payment apps for goods and…
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Photo: Willis-Machnik-Financial-ServicesAugust Insights
YEAR-ROUND TAX PLANNING IRS Tax Tip 2025-38, June 11, 2025 Here are some simple things taxpayers can do throughout the year to make next filing season less stressful. Organize tax records. Create a system that keeps all important information together. Taxpayers can use a software program for electronic recordkeeping or store paper documents in clearly…
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Photo: MGA-InsightsJuly Insights
What taxpayers should do if they get mail from the IRS IRS Tax Tip 2025-33, May 27, 2025 IRS sends notices and letters when it needs to ask a question about a taxpayer’s federal tax return, let them know about a change to their account or request a payment. Don’t panic if mail comes from…
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Photo: The-Motley-FoolJune Insights
IRS Tax Tip 2025-29, May 5, 2025 Tax returns for 2024 were due on April 15, 2025, with exceptions for taxpayers in a disaster area, combat zone or living and working abroad. Taxpayers who couldn’t pay their tax bill by the deadline shouldn’t panic – the IRS is here to help. There are several options…
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Photo: Bette-Hochberger CPAMay Insights
Proper tax withholding now is key to avoiding surprises when taxpayers file next year. Making any needed adjustments early means taxpayers won’t have to make a big change later in the year to catch up.The IRS Tax Withholding Estimator is a free online tool that helps workers, independent contractors and retirees determine if they have…