Every year, clients ask “How can I lower my tax liability?” One of the best ways is by taking advantage of something you’re already doing: charitable contributions.
First, make sure your charitable contributions are actually deductible. This can be done by checking with your tax advisor or by finding Schedule A attached to your tax return. Then, consider these tips...
New tax law from H.R.1 brings major updates to how families save and pay for education. Beginning in 2026, FAFSA rules will exempt family-owned farms and small businesses, federal loan programs will see new limits, and 529 plans will expand to cover more expenses. In this month’s blog, learn how these changes could impact your family’s education and financial planning.
The IRS has announced that paper tax refund checks will be phased out beginning September 30, 2025, marking a major step toward a fully digital refund system. While this change promises faster, more secure refunds, it also means taxpayers will need to review their banking options to prepare for the transition. In this month’s blog, we break down what’s changing, who’s affected, and how to get ready before the 2026 filing season.
H.R.1 introduces new provisions that could reshape how Vermont seniors approach taxes and retirement planning. From enhanced deductions to broader shifts in federal benefits, the law may offer opportunities for some while creating new challenges for others. In our latest blog, we highlight the key changes, what they could mean for older Vermonters, and why it’s important to start planning now.
H.R.1 – the “One Big Beautiful Bill” – is now law, and Vermont parents may feel the impact this school year. From expanded dependent care credits to new savings vehicles and more flexible 529 plans, H.R.1 introduces both opportunities and challenges for families. Learn what these changes mean for your household, and how to plan ahead for tax season.
On July 4, 2025, H.R.1 – the “One Big Beautiful Bill Act” – became law, ushering in sweeping tax changes that could affect nearly every taxpayer. From higher standard deductions to expanded credits for families and seniors, the bill promises simplification for some – but introduces new limitations for others. Our team is here to help guide you through every shift.
