Tax Season is right around the corner…
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Welcome… Tax Strategies That Fit Your Lifestyle, Career, and Family Needs.
Experienced CPA Services, Tailored to Your Unique Financial Journey. I’m Bryan Nelson, a seasoned CPA with over 25 years of experience in tax preparation and client accounting services. I specialize in working with professionals and entrepreneurs in their 40s and…
Standard Deduction Changes for 2025–2028: What Taxpayers Need to Know
Written with the assistance of ChatGPT Starting in 2025, the standard deduction is getting a substantial temporary boost thanks to new federal tax law changes. These adjustments apply to tax years 2025–2028 and will affect nearly every taxpayer — whether…
Car Loan Interest Deduction (2025–2028): What Drivers Need to Know
Written with the assistance of ChatGPT. Beginning in 2025, taxpayers can take advantage of a brand-new federal deduction for car loan interest — part of the same tax package that created the new overtime and tip deductions. This new rule…
Social Security Taxability: How Much of Your Benefits Are Taxed?
Written with the assistance of ChatGPT Most people are surprised to learn that Social Security benefits can be taxable.Some pay zero tax, others pay tax on up to 85% of their benefits — and it all depends on a formula…
Overtime Pay Gets Its Own Tax Break (2025–2028)
OOOPS! It has been pointed out to me I made a mistake on the maximum annual deduction. It is $12,500 for single filers and $25,000 for joint filers. Written with the assistance of ChatGPT. Beginning with the 2025 tax year,…
New “No Tax on Tips” Rules: What Tipped Workers Need to Know for 2025–2028
Written with the assistance of ChatGPT Starting with the 2025 tax year, the federal rules for tip income changed in a big way. Tips are still taxable income, but there’s now a special deduction that can wipe out income tax…
QCD’s and Kansas Community Service Tax Credit Program (CSP)… Double-dipping not allowed
No, a charitable contribution made through a Qualified Charitable Distribution (QCD) from an IRA generally cannot also be used to claim a Kansas tax credit. Here’s why: 1. Qualified Charitable Distribution (QCD): 2. Kansas Tax Credit Programs: Conclusion: While you…
My 1099 is wrong, how do I fix it?
If you receive a 1099-NEC that you believe is incorrect and the issuing company refuses to correct it (or you are tired of waiting on them), here are the steps you can take: 1. Contact the Issuer in Writing: 2.…
Are you married? …The IRS might say “YES”
Filing a joint return allows a married couple to combine their incomes, deductions, and credits on a single tax return. Here are the key rules and conditions for filing a joint return: 1. Marital Status: 2. Filing Status Options: 3.…
When Will the Trump Tax Cuts Expire? A Look at What’s Next for the Tax Code
The Trump Tax Cuts, officially known as the Tax Cuts and Jobs Act (TCJA) of 2017, introduced significant changes to the tax code, primarily benefiting businesses and individuals through lower rates and increased deductions. However, many of the provisions for…
Oklahoma PTE and SALT: How It Works and Comparison with Kansas
Like many states, Oklahoma has implemented a workaround for the State and Local Tax (SALT) deduction cap for owners of pass-through entities (PTEs). This is aimed at giving business owners relief from the $10,000 federal SALT deduction cap imposed by…