by Andrews Tax Accounting & Bookkeeping | Jan 2, 2026 | Educational
New Car Interest Deduction Good for Up to $10K The new car interest deduction has been getting more attention as a new tax season gets ready to start. The IRS recently revealed guidelines for the deduction, which covers qualified vehicles bought in 2025 through 2028....
by Andrews Tax Accounting & Bookkeeping | Dec 26, 2025 | Educational
Pets As Dependents? New Lawsuit Against IRS Says Yes Pets as dependents? According to a recent survey, more than 97 percent of pet owners in America think of their pets as family. The Internal Revenue Service, on the other hand, doesn’t. But as reported in Forbes...
by Andrews Tax Accounting & Bookkeeping | Dec 18, 2025 | Educational
No Tax on Tips Benefits Many Who Receive Gratuities No tax on tips is part of the new tax laws for those filing in 2026 for tax year 2025. Not every profession that earns tips will get the tax break. But those who do won’t have to pay income tax on the first $25,000...
by Andrews Tax Accounting & Bookkeeping | Dec 5, 2025 | Educational
Trump Accounts for Children Offer a Headstart for Retirement Trump Accounts for children are a new type of retirement account created under the One Big Beautiful Bill Act (OBBBA). This week the IRS released some information about the accounts that will start accepting...
by Andrews Tax Accounting & Bookkeeping | Nov 21, 2025 | Educational
Education Tax Benefits Can Save Money for Students, Parents Education tax benefits can take different forms. They can be an tax-saving advantage when you – or your dependent – are in school. Or before college even begins. Education Tax Benefits – Tax Credits Tax...
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