TAX

The Internal Revenue Service (IRS) has announced new guidance offering tax relief to farmers and ranchers who were forced to sell or exchange livestock due to ongoing drought conditions across the United States. What This Means for Farmers and Ranchers Under this relief, eligible taxpayers will have additional time to replace livestock sold because of […]

Being an educator is one of the most rewarding careers, but it often comes with out-of-pocket costs. From buying classroom supplies to investing in professional development, many teachers spend their own money to give students the best learning experience possible. The good news is that the IRS provides a special tax deduction to help offset

The Heavy Highway Vehicle Use Tax (HVUT) is an annual federal excise tax on heavy highway motor vehicles that operate on public highways and have a taxable gross weight of 55,000 pounds or more. If you operate such vehicles, it’s important to stay ahead of the filing deadlines to avoid penalties and keep your vehicles

On July 4, 2025, the One Big Beautiful Bill Act (Public Law 119-21) was signed into law, introducing valuable new tax deductions that could help many taxpayers save more on their taxes from 2025 through 2028. Here’s a clear breakdown of what these new provisions mean and how you could benefit. No Tax on Tips

Tax season shouldn’t feel like pulling teeth, but for many small business owners, it often does. Between deciphering complex deduction rules and meeting strict filing deadlines, the stress can mount quickly, leaving you distracted from growing your business. At JAF CPA LLC, we specialize in transforming your biggest tax challenges into streamlined, stress-free processes. Serving

In response to the severe storms, straight-line winds, and flooding that began on July 2, 2025, the Internal Revenue Service (IRS) has announced extended tax deadlines for individuals and businesses in parts of Texas.If you live or operate a business in Kerr County, you now have until February 2, 2026, to file certain federal individual

Key Tax Deadline: June 16, 2025, for U.S. Expats If you’re a U.S. citizen or resident alien living abroad, you must file your 2024 federal income tax return by June 16, 2025. This deadline applies to all U.S. taxpayers residing outside the country, including those with dual citizenship. Missing this deadline can lead to penalties

On March 29, 2025, we mark the 50th anniversary of the Earned Income Tax Credit (EITC), a key part of the Tax Reduction Act signed into law by President Gerald Ford in 1975. What started as a modest program to support working families has grown into one of the largest anti-poverty initiatives in the U.S.,

The IRS has announced tax relief measures for individuals and businesses in parts of West Virginia impacted by severe storms, straight-line winds, flooding, landslides, and mudslides beginning on February 15, 2025. Affected taxpayers now have until November 3, 2025, to file federal individual and business tax returns and make tax payments. The IRS relief applies