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Rio Bayani
Dec 23, 20244 min read
IRS Reminder: Maximize Your 2025 Healthcare FSA Contributions for Tax-Free Savings
Maximize your 2025 FSA savings! Contribute up to $3,300 for tax-free medical expenses. Don’t forget to elect during open enrollment!
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Rio Bayani
Dec 20, 20244 min read
IRS Announces 2025 Retirement Savings Contribution Limits – What You Need to Know
The IRS 2025 retirement limits include a $23,500 401(k) cap, higher catch-up contributions, and changes to IRA eligibility and credits.
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Rio Bayani
Dec 16, 20243 min read
Understanding the Energy Efficient Home Improvement Credit: What You Need to Know
Learn about the Energy Efficient Home Improvement Credit and how to save on upgrades while enhancing your home's efficiency!
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Rio Bayani
Dec 13, 20242 min read
IRS Grants Filing Exception for Tax-Exempt Organizations: What You Need to Know
Tax-exempt organizations are exempt from filing Form 4626 for 2023! Learn what this means for your tax obligations.
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Rio Bayani
Dec 9, 20243 min read
IRS Launches Pass-Through Compliance Unit: What Taxpayers Need to Know
The IRS launched a new Pass-Through Compliance Unit to enhance audits of partnerships, S-corporations, and trusts. Stay informed!
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Rio Bayani
Dec 2, 20243 min read
IRS Announces Tax Inflation Adjustments for 2025: What You Need to Know
The IRS announced 2025 tax inflation adjustments, including higher standard deductions and EITC. Get ready for tax season 2026!
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Rio Bayani
Nov 25, 20242 min read
IRS Reminder for Educators: Deduct Up to $300 in Classroom Expenses for 2024
Teachers can deduct up to $300 for classroom expenses in 2024. Keep those receipts handy for this valuable tax relief!
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Rio Bayani
Nov 22, 20242 min read
Inflation Reduction Act: IRS Two-Year Report Card
The IRS has made major strides in service and technology, helping taxpayers interact digitally and claim benefits more easily.
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Rio Bayani
Nov 19, 20242 min read
Understanding Tax Guidelines for Crowdfunding Contributions and Distributions
Understanding crowdfunding tax implications is crucial. Know how to report income and keep accurate records to avoid surprises!
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Rio Bayani
Nov 15, 20243 min read
SECURE 2.0 Act Changes: What Businesses and Employees Need to Know About Forms W-2
The SECURE 2.0 Act brings key changes to Forms W-2, impacting how businesses report retirement contributions. Stay informed!
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Rio Bayani
Nov 12, 20242 min read
Enhancing Taxpayer Service: How the Inflation Reduction Act is Making a Difference
Discover how the Inflation Reduction Act is modernizing IRS services, making it easier for taxpayers to access clean energy credits!
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Rio Bayani
Nov 4, 20243 min read
Understanding the Alternative Fuel Vehicle Refueling Property Credit
Learn about the Alternative Fuel Vehicle Refueling Property Credit and how eligible census tracts can help you save on taxes!
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Rio Bayani
Nov 1, 20243 min read
Protect Yourself from OIC Mills: What You Need to Know
Beware of OIC mills promising debt settlements! The IRS offers legitimate help for tax debts without unnecessary fees. Stay informed!
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Rio Bayani
Oct 30, 20242 min read
IRS Recovers $1.3 Billion from High-Income Taxpayers: What You Need to Know
The IRS has recovered $1.3 billion from high-income taxpayers, improving fairness and services for all. Stay informed and prepared!
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Rio Bayani
Oct 28, 20242 min read
Become a Tax Volunteer: Make a Difference in Your Community!
Join the IRS VITA and TCE programs as a volunteer! Help your community with free tax services—no experience needed! Sign up today!
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Rio Bayani
Oct 25, 20242 min read
IRS Speeds Up Processing of Employee Retention Credit (ERC) Claims: What You Need to Know
IRS speeds up processing of Employee Retention Credit claims, tackling 400,000 claims worth $10 billion. Learn how it affects you!
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Rio Bayani
Oct 22, 20243 min read
Understanding New Guidance on 403(b) Retirement Plans for Part-Time Employees
New IRS guidance expands 403(b) plans for long-term part-time employees, improving access and benefits starting in 2025.
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Rio Bayani
Oct 18, 20243 min read
Exciting News: IRS Direct File Expands for 2025 Tax Season!
IRS Direct File expands to 24 states for the 2025 tax season, offering free e-filing and support for more tax situations!
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Rio Bayani
Oct 15, 20242 min read
What You Need to Know About New IRS Rules on Syndicated Conservation Easements
The IRS has issued new rules on syndicated conservation easements, labeling them as abusive tax transactions that must be reported.
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Rio Bayani
Oct 11, 20242 min read
Understanding the IRS 2022 Tax Gap Projections: What It Means for You
The IRS projects a $696B tax gap for 2022, but voluntary compliance remains steady at 85%. Stay informed and file accurately!
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