According to the latest IRS Migration Data released in early 2026, a trend in taxpayer relocation is emerging: Taxpayers are leaving states with higher income tax rates and moving to states with lower income tax rates.1 But the migration is about more than just population shifts — billions of dollars in adjusted gross income (AGI) is […]
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Midyear Tax Checkup: Steps to Help Reduce Your Tax Liability
With the tax season a distant memory and summer already here, you have probably stopped thinking about taxes and are busy planning your annual vacation; however, midyear is also a good time for a tax checkup. With time left before 2026 ends, you still have a window to identify and address any tax issues or […]
Read MoreTax Refund Tips: 3 Smart Ways to Use Your Refund
As of April 3, 2026, the IRS issued almost 70 million income tax refunds for the 2026 filing season, with an average refund amount of $3,462, about 11% higher than last year.1 For recipients, such a sudden influx of cash raises an important question: What’s the best way to use the money? In a recent […]
Read MoreTax Scams 2026: IRS Dirty Dozen List Explained
The Internal Revenue Service (IRS) recently released its annual Dirty Dozen list of tax scams for the 2026 tax season.1 The Dirty Dozen is part of a broader campaign to educate taxpayers about identity theft schemes and other forms of fraud, particularly during tax filing season. Notable developments for this year are the prevalence of scams […]
Read More2026 Tax Filing Deadline: What to Know Before April 15
The federal income tax filing deadline for most individuals is Wednesday, April 15, 2026. However, the IRS has postponed the deadline to file federal income tax returns and make tax payments for certain disaster-area taxpayers. The current list of eligible localities and other details for each disaster is always available at irs.gov. Here are some things to […]
Read MoreThere’s Still Time to Fund an IRA for 2025
The tax filing deadline is fast approaching, which means time is running out to fund an IRA for 2025. If you had earned income last year, you may be able to contribute up to $7,000 for 2025 ($8,000 for those who were age 50 or older by December 31, 2025) up until your tax return […]
Read MoreFederal Tax Filing Season Has Started
The IRS began accepting and processing 2025 tax year returns on Monday, January 26, 2026. What’s new The One Big Beautiful Bill Act, signed into law in July 2025, made several changes taxpayers may want to be aware of when preparing their returns, including these: Tips to make filing easier To speed a potential tax […]
Read MorePaper Tax Refund Checks Being Phased Out by the IRS
As part of a broader U.S. Department of the Treasury initiative to transition to fully electronic federal payments, the Internal Revenue Service (IRS) is phasing out paper tax refund checks for individual taxpayers for the 2026 federal tax filing season.1 Why is the IRS making this change? The move towards electronic payments is designed to […]
Read More20 Questions for Year-End Tax Planning
The One Big Beautiful Bill Act has added several wrinkles to tax planning. Here are some basic questions to get you started. (December 2025)© 2025 M.A. Co. All rights reserved.
Read MoreWill Tax Law Changes Impact Your Giving Strategy?
You may donate money to charitable organizations throughout the year, simply because you wish to support causes that you care about. However, beginning in 2026, a new set of tax rules will determine the deductibility of your donations and might affect how much you can afford to give — for better or worse. With the […]
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