Tax Resources & 2026 Updates

Essential information to help individuals and businesses navigate the changing tax landscape.

IRS Most Common FAQs

The IRS "Where's My Refund?" tool is the best way to check. Refunds are generally issued within 21 days of e-filing.

Many seniors qualify for an enhanced standard deduction that can significantly reduce taxable income. If your income is under:

  • $75,000 (Single)
  • $150,000 (Married Filing Jointly)

You may qualify for the full benefit. I review your income carefully to ensure you receive every deduction you are entitled to.

For the 2025 tax year (filed in 2026), it is approximately $15,000 for single filers and $30,000 for married filing jointly. Exact figures are subject to final IRS publications.
Yes, if you use these platforms for business transactions. The IRS requires reporting for business-related income received through payment apps.

2026 Changes for Individuals

As we approach the expiration of the Tax Cuts and Jobs Act (TCJA) provisions at the end of 2025, several key changes are on the horizon for the 2026 tax year.

  • Tax Bracket Reversion: Without Congressional action, individual income tax rates may revert to pre-2018 levels (e.g., the top rate moving from 37% back to 39.6%).
  • Standard Deduction Decrease: The nearly doubled standard deduction could be cut effectively in half, forcing many more taxpayers to itemize deductions again.
  • Child Tax Credit: The credit amount may decrease from $2,000 per child back to $1,000, with lower income phase-out thresholds.
Happy Client

Strategic Planning

Business Client

Business Growth

2026 Changes for Business

Small business owners need to prepare for significant adjustments in deductions and depreciation schedules.

  • QBI Deduction Expiration: The 20% Qualified Business Income (QBI) deduction for pass-through entities (LLCs, S-Corps) is set to expire after 2025.
  • Bonus Depreciation Phase-Out: The 100% bonus depreciation has been phasing down. In 2026, it may be eliminated entirely unless extended, significantly affecting equipment purchase write-offs.
  • Reporting Requirements: Beneficial Ownership Information (BOI) reporting is now mandatory for most small businesses, with steep penalties for non-compliance.

Turning 65 Comes with Tax Benefits.

Let’s make sure you receive them. If you are 65 or older, you may qualify for an enhanced standard deduction — meaning you could pay less in taxes.

Did you know?

Income limits apply, but many retirees qualify for this full deduction boost.

Personalized Review

I specialize in helping seniors navigate post-retirement tax shifts.

Serving Our Community

* Client images shown are for illustrative purposes.

Confused by these changes?

Don't navigate the 2026 tax landscape alone. Let Moore Quality guide you.

Schedule a Consultation