10.28.2025 | Issue 209

You'll find links to the Alerts and Useful Info we've posted on our website, which includes time-sensitive information and any other issues that might impact you or your business, as well as any news from around our office.

2025-2026 Tax Planning Guide

With most of the changes from the new tax law, commonly referred to as the One Big Beautiful Bill Act, going into effect in 2025 and 2026, tax planning is especially critical now. To save the most on your taxes, you need to become familiar with how you may need to adjust your strategies. This is exactly what our Tax Planning Guide is designed to help you do. To view it, simply click the link below, where you can navigate to the Guide and learn about important tax law changes and ways to minimize your income tax liability.

Make the Most of the New Deduction for Seniors

For 2025 through 2028, individuals age 65 or older generally can claim a new “senior” deduction of up to $6,000 under the One Big Beautiful Bill Act (OBBBA). But an income-based phaseout could reduce or eliminate your deduction. Fortunately, if your income is high enough that the phaseout is a risk, there are steps you can take before year end to help preserve the deduction.

Five Potential Tax Breaks to Know Before Moving a Parent into a Nursing Home

Tax Court Case Provides Lessons on Best Recordkeeping Practices for Businesses

IRS to Phase Out Paper Tax Refund (and Tax Payment) Checks Starting With Individual Taxpayers

Fun After Our Fall Deadline!

We successfully made it through our fall deadlines - and escaped the stress (literally!) by celebrating with a well-deserved break with a visit to Axxiom Escape Rooms followed by happy hour at Grain on Main.

It was the perfect way to unwind, reconnect, and celebrate the hard work and dedication that drives our firm forward.

Here’s to teamwork, shared wins, and lots of fun along the way!

www.santoracpagroup.com | 302.737.6200