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Sedgwick County Property Tax 2026: What Wichita Homeowners Can Do Now
Sedgwick County property tax in Kansas is generally paid in two halves, due December 20 and May 10. Kansas did not enact a new broad homeowner property tax relief package in 2026. However, existing relief remains available, including the statewide residential school-levy exemption, the Kansas Homestead Refund, SAFESR for qualifying seniors, and valuation appeals. This […]
Colorado State Income Tax Rate 2026: What Amendment 87 and Proposition 136 Would Change
The Colorado state income tax rate for 2026 is a flat 4.4% of federal taxable income. On November 3, 2026, voters will decide Amendment 87, originally Initiative 195, which would replace the single rate with graduated rates beginning in 2027, and Proposition 136, originally Initiative 232, which would limit the income tax rate to 4.4%. […]
Ohio Property Tax Reform 2026: What Changed for Columbus and Franklin County
Ohio property tax reform passed in late 2025 through House Bills 186, 335, 129, 309, and 124. For Columbus-area homeowners, these changes arrive just as Franklin County completes its 2026 triennial value update. Meanwhile, tentative residential values rose about 10% on average, and the updated values will shape property tax bills beginning in 2027. If […]
The Biggest Tax Loophole: Long-Term Capital Gains Rates for 2026
The capital gains tax rate for 2026 is 0%, 15%, or 20% for most long-term gains on assets held more than one year. For single filers, the 0% bracket runs through $49,450 of taxable income and the 15% bracket through $545,500. Short-term gains are taxed at ordinary income rates. The video calls long-term capital gains […]
The Home Office Deduction: Who Qualifies, What Counts, and Does It Trigger an Audit?
The home office deduction lets eligible self-employed people deduct part of the cost of a home used regularly and exclusively for business. The simplified method is $5 per square foot, up to 300 square feet, for a maximum $1,500 deduction. W-2 employees generally cannot claim it. A reasonable, well-documented claim is not automatically an audit […]
TurboTax vs. an Accountant: When Should You Stop Doing Your Own Taxes?
When it comes to TurboTax vs accountant, which option is actually better for filing your taxes? As a tax and accounting firm, we obviously have some bias, but the truth is not everyone needs to hire a professional. For some taxpayers, doing your own taxes with software like TurboTax can work perfectly well. The right […]
Owe the IRS Money? Here Is What to Do First
If you owe IRS money you cannot pay, you have more options than you think, and none of them require panicking. If you’re asking yourself, “I owe the IRS money, what do I do?” the first step is figuring out how you ended up with the tax debt so you can determine the best way […]
Quarterly Estimated Taxes: Who Pays Them and What Skipping Costs
The U.S. tax system is pay-as-you-go, which means waiting until April to pay what you owe could result in an estimated tax penalty. This can come as a surprise for self-employed individuals and business owners who are used to handling their taxes once a year. For freelancers and gig workers especially, understanding estimated payments […]
Seriously Delinquent Tax Debt & Your Passport
Seriously delinquent tax debt is unpaid, legally enforceable federal tax debt totaling more than $66,000 in 2026 (including penalties and interest) for which the IRS has already filed a lien or issued a levy and your rights to challenge it have run out. Once your debt is certified as seriously delinquent, the IRS reports it […]