Daily Archives December 5, 2025

Your Simple Guide to Getting Ready for the 2026 Tax Season ️ It might seem far away, but the IRS says it’s officially time to start preparing for the 2026 tax filing season. A little bit of work now can save you a lot of time and headaches later, and it’s especially important this year due to new laws that could affect your refund! What’s Changing and Why You Need to Prepare The biggest reason to get organized early is the new One, Big, Beautiful Bill. This legislation brings significant changes to federal taxes, credits, and deductions. The IRS and
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The Internal Revenue Service (IRS) and the Department of the Treasury recently released critical initial guidance regarding a brand-new retirement savings vehicle for children: the Trump Account. This new type of Individual Retirement Account (IRA) was established under the comprehensive Working Families Tax Cuts legislation and aims to help families kickstart long-term savings for their children. Released under IR-2025-117 (accompanied by Notice 2025-68), this announcement outlines the basic structure, eligibility, contribution limits, and investment rules for these accounts. Here is your SEO-friendly breakdown of this major development for family finances and tax planning. What Are Trump Accounts? Trump Accounts are
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