Q: I know about the AOC educational credit, but isn't there another education credit? What's the difference? A: The American Opportunity Credit is refundable, but the Lifetime Learning Credit is non-refundable. See FB for more!

Employers! You have until 12/31/25 to contribute up to $5250 per employee toward student loan repayment without those payments being counted as taxable wages. #TheMoreYouKnow #SnellCPA

Wishing you a day filled with happiness and a year filled with joy. Happy Birthday! May your special day bring you endless moments of laughter and cherished memories. Here's to celebrating you and all the wonderful things that make you unique. Have a fantastic birthday!

In today's digital age, protecting your personal information has become more crucial than ever. An IPPN helps protect you against identity theft. By using this number, you can ensure that only you or an authorized individual can access your sensitive information.

NON PROFITS! Don't forget to apply for and maintain your tax-exempt status. It is crucial for ensuring that your organization can continue to operate without the burden of certain taxes, allowing you to focus more on your mission and less on financial constraints.

Are you engaged?! Don't forget to change your marital status on your tax return when you tie the knot. Congratulations to you two! #matrimony #love #marriage&taxes #snellcpa

Q: May I deduct the cost of my business attire for work on my tax return? A: No. In 2011, the U.S. Tax Court ruled that an anchorperson couldn't deduct the cost of clothing required by the employer for on-air appearances, so no, your business suit doesn't make the cut either.

"No Tax On Overtime" Deduction Details: ✅ effective 2025 through 2028 ✅ overtime is considered the pay that exceeds your regular pay rate that is reported on your Form W-2 ✅ max deduction is $12,500 ($25K MFJ) ✅ deduction phases out with AGIs over $150K ($300K MFJ)

No one likes to think of death, but if you fail to plan, you plan to fail. Danny is the sole proprietor of a restaurant. He is married and has two adult kids. With a plan, Danny can ease the transition at his death. Check out our FB or LI post to see the full example.

Q: May I deduct the cost of my business attire for work on my tax return? A: No. In 2011, the U.S. Tax Court ruled that an anchorperson couldn't deduct the cost of clothing required by the employer for on-air appearances, so no, your business suit doesn't make the cut either.

April 15th is approaching fast, and that means Tax Day is almost here! As we count down the days, it's a great time to get organized and ensure you're ready to file. **TWO WEEKS TO GO!** The countdown is on, so make sure you're prepared. Happy filing! 🥳

Happy Birthday to our clients born this month! We hope your day is filled with joy, laughter, and wonderful memories. Thank you for being a valued part of our community. Wishing you a year of success, happiness, and everything you love.

Sold your home in 2025? You don't have to wait to send us the closing statement. Upload any tax documents to your personalized portal anytime you receive a tax document. Forgot how to log in to your link or never set it up? No problem. We can send another portal invite!

Employers! You have until 12/31/25 to contribute up to $5250 per employee toward student loan repayment without those payments being counted as taxable wages. #TheMoreYouKnow #SnellCPA

SAY IT WITH ME: 📣 The MORE you invest, the LESS you pay the IRS. 📣 Book an appointment so we can show you how good tax strategies can keep more money in your company account.

"No Tax on Car Loan Interest" Deduction Details: ✅ both itemizing & non-itemizing taxpayers are eligible for the deduction ✅ the VIN of the vehicle must be included on the tax return ✅ final assembly of the vehicle must be in the United States

Do you know someone who is experiencing homelessness ? It doesn't have to stop them from claiming tax benefits. They can list a friend, relative or shelter on their IRS tax return and get the refunds due to them. #TheMoreYouKnow #SnellCPA

If you're struggling to pay your tax bill in full, you may want to consider an Offer in Compromise. This program lets you negotiate with the tax authority to settle for less than owed, offering financial relief.

Q: I have 9 months to live. I want to dispose of my $12 million cash estate by making gifts to family members, charities, & friends. Will I have to pay taxes? A: If the annual exclusion is $18K, you could gift $18K to 666 different people and $12K to another person without tax.

Did you know that your company can employ your children and pay them up to the standard deduction amount without incurring taxes for either party? This is an interesting income-shifting strategy that allows families to keep more money within the household.