Author Archives: barbreeves

I cannot believe how fast the last three months have flown by. As the yearend approaches, it seems to go faster. I just want to remind everyone if they had any substantial increase in income or any other substantial change, please contact me for a projection to help avoid any adverse tax impact. If IContinue reading “Projections”

I attended this webinar in early July of this year.  Only one change has occurred since then.  The election to open this type of account is no longer done on Form 4547.  The accounts are now being automatically created due to low enrollment. This is an investment account for children under the age of 18Continue reading “Trump Savings Accounts”

FAMLI) The following states and the District of Columbia have, as of 2026, mandatory paid family leave programs.  California Connecticut Delaware Massachusetts Maryland Maine Minnesota New Jersey New York (mandatory private insurance system) Oregon Rhode Island Virginia Washington District of Columbia Nine states have voluntary paid family leave programs: Alabama Arkansas Florida Kentucky South CarolinaContinue reading “Paid Family Leave (FAMLI)”

PLEASE take the time to read any correspondence you receive from Medicare issued out today. Do not think it is junk mail. There will be many changes in the upcoming year on matters such as if your Part D plan, etc. will be covered in the new year, premium increases, if your doctor will beContinue reading “Medicare 2027”

For starters, Delaware has already implemented this type of business. The Maryland State Department of Assessments and Taxation (SDAT) is now accepting the new business filing type called Limited Worker Cooperative Association (LWCA). MD Senate bill 144 established this entity type and is effective October 1, 2026. They are Maryland Limited Liability Companies (LLCs) thatContinue reading “Limited Worker Cooperative Association (LWCA)”

This is a school choice program through a proposed regulation for federal scholarship tax credit. It will be the first federal tax credit supporting private contributions for K-12 scholarships. Eligible taxpayers may claim an annual credit of up to $1,700 for qualifying contributions, or up to $3,400 for married couples filing jointly. Proposed regulations areContinue reading “Education Freedom Tax Credit”

The Maryland State Department of Assessments and Taxation is still having difficulties with their website. I am wondering if they are making upgrades. I will continue to keep an eye on when they are ready for the property tax returns to be filed. Thanks

Yesterday, I attended a webinar in reference to the benefits and concerns with artificial intelligence. Personally, I have no intention of utilizing AI for typing. While AI is great at writing, its information is not necessarily accurate. I learned several decades ago how to compose and type. 😊 I am generally not a fan ofContinue reading “AI Essential webinar”

Tax season for the most part has ended. I just want to thank everyone for their continued support. It is amazing to me to know how many of you have been with me for years and as much as 30+ years. Despite harassing some of you 😊, it is always nice to see everyone andContinue reading “Thank you!”

Please print to assist in gathering next tax season paperwork together. Name(s)  ____________________________________________________ Address (if changed) ___________________________________________ Changes in marital status or dependency? Any digital currency assets?  (If yes, further questions will be asked) yes or no Is your main home in the US?  _____ Driver’s license copy Electronically filing?  _____ Please provide bank detailsContinue reading “Tax questionnaire for 2026”