IRS issues final regulations on tips tax break
Last year, a new income tax deduction for qualified cash tips went into effect under the One Big Beautiful Bill Act (OBBBA). The break is [...]
IRS issues guidance on Trump accounts
A Trump account is for the benefit of a child, who’s the account owner
IRS releases critical guidance on calculating tips and overtime deductions for 2025
Qualified tips income & overtime remain subject to taxes where applicable
Ready to grow your nest egg? The IRS releases 2026 retirement plan contribution limits
Adjustments may provide extra room to boost your retirement savings
Minimize your business’s 2025 federal taxes by implementing year-end tax planning strategies
The One Big Beautiful Bill Act (OBBBA) shifts the landscape for year-end tax planning. The law has significant implications for some of the most tried-and-true [...]
What do the 2026 cost-of-living adjustment numbers mean for you?
Understand the latest cost of living adjustments
IRS releases guidance on changes to R&E expensing
Among its numerous tax provisions, the One Big Beautiful Bill Act (OBBBA) reinstated immediate deductions for research and experimental (R&E) expenditures under Internal Revenue Code [...]
PODCAST | What You Need to Know About Tax Changes in Maryland
In this Gorfine, Schiller & Gardyn podcast interview, Patrick Hom, Director of Tax Services at GSG, breaks down the latest Maryland tax updates and changes, [...]
How will the changes to the SALT deduction affect your tax planning?
The One Big Beautiful Bill Act (OBBBA) shifts the landscape for federal income tax deductions for state and local taxes (SALT), albeit temporarily. If you [...]
What taxpayers need to know about the IRS ending paper checks
U.S. Treasury Department, IRS & Social Security Administration (SSA) will stop issuing paper checks
