Higher IRS Mileage Rates Take Effect
Due to rising fuel costs, the IRS has increased the 2026 cents-per-mile rates for calculating certain vehicle deductions.
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Rather than a once-a-month mailing, we share timely tax and planning updates directly on our blog as they happen. Here’s what’s new.
Revisit Your Emergency Fund Goals
An emergency fund is key to long-term financial security. Over time, changes in expenses, income, family needs and financial priorities can affect how much emergency savings you need. Regularly reviewing your reserves can help ensure they’re sufficient to support your lifestyle and broader financial strategy.
Get Ahead With a Midyear Tax Review
Life changes can affect your tax picture more than you might expect. Taking time now to review key areas can reduce the risk of certain penalties and uncover tax savings opportunities.
Before You Shred: Know Which Tax Records to Keep
Tax documents can accumulate quickly. While clearing out old files can feel productive, it’s important not to discard anything until you’ve reviewed some record-retention guidelines.
Tax Breaks for Medical Expenses
Depending on your situation, you may be able to claim certain medical expenses as deductions on your tax return. However, you must itemize deductions, and having enough expenses to qualify can be challenging.
Major IRS Payment Changes: What You Need to Know About the September 30, 2025 Electronic Transition
IRS Going Fully Electronic September 30, 2025 Paper checks for tax payments end September 30, 2025. All IRS transactions must be electronic – no exceptions. This security upgrade affects every taxpayer. Learn your payment options and prepare now to avoid compliance issues.
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