Stanaland, Dodson & Associates LLP

07/21/2026

📺 𝐃𝐢𝐝 𝐲𝐨𝐮 𝐜𝐚𝐭𝐜𝐡 Ryan Dodson 𝐨𝐧 𝐖𝐅𝐌𝐘 𝐍𝐞𝐰𝐬 𝟐?

Our Managing Partner, 𝐑𝐲𝐚𝐧 𝐃𝐨𝐝𝐬𝐨𝐧, 𝐂𝐏𝐀, recently joined Tanya Rivera on WFMY News 2 to discuss the new Trump Accounts and what they could mean for families with children.

These new tax-advantaged savings accounts are generating a lot of questions, including:
✔️ Who is eligible?
✔️ How do the accounts work?
✔️ What are the contribution limits?
✔️ What should parents know before opening one?
As with many new tax laws, the details matter. Before making financial decisions, it's important to understand how these accounts fit into your family's overall financial and tax planning.

🎥 Watch Ryan's interview with Tanya Rivera to learn more, and if you have questions about how these new rules may affect your family, we're happy to help.

Ryan Dodson with Stanaland, Dodson and Associates breaks down questions about eligibility, taxes and how the money can be used.

07/16/2026

🏥 HSA vs. FSA: Do You Know the Difference?

Both 𝐇𝐞𝐚𝐥𝐭𝐡 𝐒𝐚𝐯𝐢𝐧𝐠𝐬 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐬 (𝐇𝐒𝐀𝐬) 𝐚𝐧𝐝 𝐅𝐥𝐞𝐱𝐢𝐛𝐥𝐞 𝐒𝐩𝐞𝐧𝐝𝐢𝐧𝐠 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐬 (𝐅𝐒𝐀𝐬) allow you to pay for qualified medical expenses with pre-tax dollars, helping reduce your overall tax burden.

Here are a few key differences:

✔️ 𝐇𝐒𝐀𝐬 are available to individuals enrolled in a qualifying high-deductible health plan. Funds roll over year after year and can even be invested for future healthcare costs.

✔️ 𝐅𝐒𝐀𝐬 are offered through employers and can be a great way to budget for medical expenses, but unused funds may be forfeited at year-end unless your plan includes a grace period or carryover provision.

💡 Whether you're paying for prescriptions, copays, bandages, sunscreen, or other eligible healthcare expenses, these accounts can be valuable tools for managing costs and saving on taxes.

07/14/2026

🏆 𝐓𝐡𝐚𝐧𝐤 𝐘𝐨𝐮, 𝐖𝐢𝐧𝐬𝐭𝐨𝐧-𝐒𝐚𝐥𝐞𝐦! 🏆

We are honored to announce that 𝐒𝐭𝐚𝐧𝐚𝐥𝐚𝐧𝐝, 𝐃𝐨𝐝𝐬𝐨𝐧 & 𝐀𝐬𝐬𝐨𝐜𝐢𝐚𝐭𝐞𝐬, 𝐋𝐋𝐏 has been named the 𝟐𝟎𝟐𝟔 𝐖𝐢𝐧𝐬𝐭𝐨𝐧-𝐒𝐚𝐥𝐞𝐦 𝐉𝐨𝐮𝐫𝐧𝐚𝐥 𝐑𝐞𝐚𝐝𝐞𝐫𝐬' 𝐂𝐡𝐨𝐢𝐜𝐞 𝐀𝐰𝐚𝐫𝐝 𝐖𝐢𝐧𝐧𝐞𝐫 for both:
⭐ Best Accountant
⭐ Best Tax Preparer

To everyone who took the time to vote for us—𝐭𝐡𝐚𝐧𝐤 𝐲𝐨𝐮.

We are incredibly grateful to our clients for trusting us with your businesses, families, and financial futures. Thank you to our dedicated team for the professionalism, care, and commitment you bring every day. And to our families, friends, and community partners—your encouragement and support mean more than you know.

This recognition belongs to all of you.

We remain committed to serving our community with the same purpose that guides us every day:

𝐁𝐞𝐲𝐨𝐧𝐝 𝐭𝐡𝐞 𝐁𝐨𝐭𝐭𝐨𝐦 𝐋𝐢𝐧𝐞.

Thank you for allowing us to be part of your journey. We look forward to serving you for many years to come.

07/09/2026

💳 Have an FSA? Here’s What to Know Before Year-End

If you participate in a health flexible spending account (FSA), now is the time to check your balance. Unless your employer offers a 2½-month grace period or allows a $660 carryover, any unused funds must be spent by December 31 — or they’re forfeited.

A few things to keep in mind:

🔹 Review your remaining balance and schedule eligible expenses before year-end
🔹 FSAs can cover far more than doctor visits — think prescriptions, glasses, contacts, dental work, over-the-counter medications, and more
🔹 Start planning now for your 2026 FSA election
• Contribution limit for 2026: $3,400
• Your contributions avoid federal income tax and payroll tax

If used strategically, an FSA can be a powerful tool for managing out-of-pocket medical costs while lowering your taxable income.

07/07/2026

🧾 𝐒𝐀𝐋𝐓 𝐃𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐔𝐩𝐝𝐚𝐭𝐞: 𝐇𝐢𝐠𝐡𝐞𝐫 𝐂𝐚𝐩 𝐓𝐡𝐫𝐨𝐮𝐠𝐡 𝟐𝟎𝟐𝟗

For tax years 𝟐𝟎𝟐𝟓 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝟐𝟎𝟐𝟗, the federal deduction for 𝐬𝐭𝐚𝐭𝐞 𝐚𝐧𝐝 𝐥𝐨𝐜𝐚𝐥 𝐭𝐚𝐱𝐞𝐬 (𝐒𝐀𝐋𝐓) on Schedule A is increased to $𝟒𝟎,𝟎𝟎𝟎.

That means the higher cap applies to the 𝟐𝟎𝟐𝟓 𝐟𝐞𝐝𝐞𝐫𝐚𝐥 𝐫𝐞𝐭𝐮𝐫𝐧 𝐲𝐨𝐮 𝐟𝐢𝐥𝐞 𝐭𝐡𝐢𝐬 𝐲𝐞𝐚𝐫.

A few key details:

🔹 Married filing separately: $𝟐𝟎,𝟎𝟎𝟎 𝐩𝐞𝐫 𝐬𝐩𝐨𝐮𝐬𝐞
🔹 The deduction begins to phase down for higher-income taxpayers
• Phaseout starts at $𝟓𝟎𝟎,𝟎𝟎𝟎 𝐦𝐨𝐝𝐢𝐟𝐢𝐞𝐝 𝐀𝐆𝐈
• $𝟐𝟓𝟎,𝟎𝟎𝟎 for married filing separately
🔹 Once modified AGI reaches $𝟔𝟎𝟎,𝟎𝟎𝟎, the cap drops back to $𝟏𝟎,𝟎𝟎𝟎
🔹 The cap and income thresholds increase slightly (1%) each year through 2029

Unless Congress acts, the deduction limit returns to $𝟏𝟎,𝟎𝟎𝟎 𝐚𝐟𝐭𝐞𝐫 𝟐𝟎𝟐𝟗.

For higher-income households especially, understanding how the phaseout works can make a meaningful difference in tax planning.

07/04/2026

🇺🇸 𝐇𝐚𝐩𝐩𝐲 𝐈𝐧𝐝𝐞𝐩𝐞𝐧𝐝𝐞𝐧𝐜𝐞 𝐃𝐚𝐲 🇺🇸

As we celebrate the Fourth of July, we’re grateful for the freedoms that allow our businesses and communities to thrive.

Wishing everyone a safe and joyful holiday!

07/02/2026

🎓 Starting Your First Full-Time Job After College?

You may be able to increase your take-home pay by using the IRS “part-year withholding” method.

The standard withholding tables assume you’ll work the entire year, which can sometimes result in too much tax being withheld for recent graduates starting midyear.

If you began working partway through the year, ask your employer about the “part-year employment method” for withholding.

💡 More paycheck flexibility now could mean less waiting for a refund later.

06/30/2026

☀️ Summer Job? Here’s a Tax Tip for Students.

Many students with summer jobs may qualify to claim “exempt from withholding” on their Form W-4 if:
✔️ They owed no federal income tax last year
✔️ They don’t expect to owe this year

This can reduce federal income tax withholding from paychecks — though Social Security and Medicare taxes still apply.

As always, make sure the exemption truly applies before checking the box.

06/25/2026

🏕️ Sending Kids to Summer Day Camp?

Those costs may help qualify you for the Child and Dependent Care Credit if the care allows you to work or look for work.

And beginning in 2026, the credit becomes even more valuable:
🔹 Up to $1,500 for one qualifying dependent
🔹 Up to $3,000 for two or more

📌 Reminder: Day camps may qualify, but overnight camps, tutoring, and summer school generally do not.

06/23/2026

💡 Did you pay IRS penalties or interest during the COVID-19 years?

A recent court case has raised the possibility that some taxpayers may be entitled to refunds of certain IRS penalties and interest assessed between 𝐉𝐚𝐧𝐮𝐚𝐫𝐲 𝟐𝟎, 𝟐𝟎𝟐𝟎, 𝐚𝐧𝐝 𝐉𝐮𝐥𝐲 𝟏𝟎, 𝟐𝟎𝟐𝟑.

Potentially affected taxpayers include individuals, businesses, estates, and trusts. To protect your rights while the case is being appealed, you may want to consider filing a claim with the IRS 𝐛𝐞𝐟𝐨𝐫𝐞 𝐉𝐮𝐥𝐲 𝟏𝟎, 𝟐𝟎𝟐𝟔.

📌 There is no guarantee of a refund, but if you paid significant penalties or interest during this period, it may be worth reviewing your IRS account or speaking with your tax advisor.