Tag: Tax Return

Starting this year the IRS accepts mailed tax payments via USPS, but new regulations mean postmarks may not reflect actual drop-off date, making hand-stamped, certified, or electronic payments safer. For timely filing, we suggest using the USPS Certified mail with a return receipt for proof of delivery 2026 IRS-USPS Payments New Postmark Rules: Effective late 2025,Read more…

Executive Order (EO) 14247 “Modernizing Payments To and From America’s Bank Account” transitions federal payments to electronic methods. Starting September 30, 2025, most federal payments that are currently made by paper check—including Social Security benefits, Veterans payments and Tax Refunds—will be made electronically. The Executive Order 14247, also mandates that all payments to the federal government,Read more…

If you itemize your deductions you may be able to deduct expenses you paid that year for medical and dental care for yourself, your spouse and your dependents.  You may deduct only the amount of your total medical expenses that exceed 7.5% of your adjusted gross income. Deductible medical expenses may include but aren’t limitedRead more…

  Can I choose to deduct a federally declared natural disaster loss in the preceding tax year? Generally, you can elect to deduct a disaster loss in the year you sustain the loss.  This is recognized as the disaster year. The disaster year is generally the year in which the disaster occurred but may beRead more…

  Contact PPL The team of professionals at PPL is here for you! If you would like to discuss an important topic or something that will significantly impact your tax return, call PPL to schedule an appointment or virtual meeting. The sooner you contact us, the sooner your return will be complete. Don’t wait tooRead more…