Balsamo, Lutters, Renna & Rosensteel, P.A.

06/02/2026

💰 With the federal government ending penny production, Maryland is allowing cash transactions to be rounded to the nearest 5 cents when exact pennies are unavailable.
✔️ Prices or change may be rounded up or down to the nearest nickel using specific rounding rules.
✔️ Items priced under 5 cents may be rounded up to 5 cents.
✔️ The taxable sales price and sales tax due remain unchanged.
This change affects only the cash amount exchanged—not the amount subject to sales tax.

ANNAPOLIS, Md. — A new Maryland law allowing retailers to round cash transactions to the nearest nickel took effect immediately last week following its signing by Gov. Wes Moore as an emergency measure.

06/02/2026

📢 Good news for Maryland's public safety retirees!
Beginning in tax year 2025, the subtraction modification for qualifying public safety retirement income will gradually increase from $15,000 to $20,000 over a five-year period.
✅ 2025: $15,000 subtraction
✅ Annual increases thereafter
✅ 2030: $20,000 subtraction
This phased-in increase provides additional tax relief for eligible retired public safety personnel and their families.
As always, be sure to review the specific eligibility requirements or consult your tax advisor regarding your individual situation.

05/11/2026

Taxpayers and practitioners are unsure whether the CP53E notices they have received are scams or simply sent in error, a confusion heightened by the inclusion of a QR code.

04/15/2026

Tax Day is over! 😃
Our annual April 15th dinner 🍽🍝

04/01/2026

Hello April 🌸

03/20/2026

A wonderful basket of goodies from our friends at Inspire Confidence Group 🤩

03/20/2026

Read about the several new deductions this filing season

New tax deductions from the One, Big, Beautiful Bill provisions include:
• Overtime Pay Deduction
• Tip Income Deduction
• Senior Deduction
• Standard Deduction Boost

Learn more from the at: https://ow.ly/iycs50Ysphr

01/28/2026

It is with great sadness that we share the passing of our co-worker and friend, Angela Glorioso. Angela was our family and the absolute light of our office. She will be deeply missed by us and by all those who knew and loved her. Please keep her family in your thoughts and prayers during this difficult time.

View Angela Glorioso's obituary, send flowers, find service dates, and sign the guestbook.

01/25/2026