Income Tax
We often hear the question – how should my child fill out their W-4? And then we often hear the assumption – just take “0” and the max, right? This is likely incorrect. Exempt Status GENERALLY, when a child you claim as a dependent makes less than $16,100 in a year...
Income Tax, Retirement
Dear Customers, We want to make you aware of an important change to retirement plan rules that may affect you beginning in 2026 under the SECURE 2.0 Act. Who This Applies To This change applies only if both of the following are true: You are age 50 or older, and Your...
Income Tax, Tax Credits
GBE Clients, To keep you informed of the recent tax changes we will now focus federal income tax changes in place specifically for this current tax year. No Tax on Overtime New deduction:Individuals who receive qualified overtime compensation may deduct the pay that...
Income Tax
GBE Clients, We wanted to make you aware of current tax law changes. Please understand information is coming in at a rapid pace and we will not likely have quality implementation guidance until late November. WHAT HAPPENED On July 3, 2025, Congress finalized and...
Income Tax
Where’s My Refund? If you are so fortunate as to receive a refund this year, it may take up to 30 days to receive it. Jealous that your friends and family have already received theirs? Don’t message your accountant…simply use the government-provided information...
Income Tax
GBE Clients, It has been an interesting start to our filing season as the federal and state tax rules seem to be changing by the minute. After receiving some early tax info, we thought it might be helpful provide a few reminders and tips when sending in your documents...
