As we approach the end of the year, it’s time to start thinking about your tax strategy for 2025 and 2026. The IRS has released updated tax brackets and standard deductions, and there are some important new benefits for seniors that could significantly reduce taxable income.   Here’s what you need to know :    2025 Federal Income Tax Brackets Tax Rate Single Filers Married Filing Jointly 10% Up to $11,000 Up to $22,000 12% $11,001 – $44,725 $22,001 – $89,450 22% $44,726 – $95

As your trusted CPA, we want to bring your attention to a new federal initiative that could have a meaningful impact on your family’s long-term financial planning: the Trump Account , introduced under the recently passed One Big Beautiful Bill Act . This new program is designed to help American children build wealth from birth—and it’s something we believe you should be aware of, especially if you’re a parent, grandparent, or employer.   What Is a Trump Account? Starting in 2

As part of a nationwide effort to modernize federal payment systems, the IRS officially began phasing out paper refund checks on...