De Associates Inc

05/27/2026

05/27/2026

The has warned taxpayers not to rely on AI-generated responses to complex tax questions. They should also verify any calculations or information provided by artificial intelligence. Learn more about potential threats to your tax security at: irs.gov/dirtydozen

01/07/2026

Starting in the 2026 tax filing season, the IRS has begun phasing out paper refund checks in compliance with Executive Order 14247 While direct deposit is now the primary and fastest method for receiving refunds, limited exceptions and alternative electronic options remain available for those who cannot use traditional banking.
Key Refund Changes for 2026
Electronic Default: Most individual refunds for 2025 tax returns (filed in 2026) must now be delivered via direct deposit, prepaid debit cards, or digital wallets.
Mandatory Delays for Paper Requests: Taxpayers who do not provide direct deposit information and do not qualify for an exception will face a mandatory refund delay of at least six weeks.
Exception Process: The IRS has established a process for taxpayers to request an exception if they are unable to use electronic methods due to disability, geographic limitations, religious beliefs, or lack of banking access.
Electronic-Only Payments: As of October 2025, the IRS has also moved toward requiring electronic methods for incoming payments, such as quarterly estimated tax payments.
Options for Taxpayers Without Bank Accounts
If you do not have a traditional bank account, you can still receive your refund electronically using the following methods:
Prepaid Debit Cards: Many cards allow for direct deposit if they provide a routing and account number.
Digital Wallets: Certain mobile apps and digital payment platforms support direct deposit.
Treasury-Sponsored Cards: Options like the Direct Express Debit Mastercard may be available for those without other digital access.
New Accounts: The IRS encourages using resources like the FDIC GetBanked or MyCreditUnion.gov to find low-cost or free account options.
For the latest updates and to manage your information, you can access your IRS Individual Online Account.

MyCreditUnion.gov is a financial education resource focused on the non-profit credit union industry from the National Credit Union Administration to help you manage and protect your money.

09/03/2025

NO TAX ON TIPS

Effective: 2025–2028

The new “No Tax on Tips” law allows for a dollar-for-dollar deduction for a designated amount of tips earned by workers where tipping is customary.
• Income eligible for the deduction is capped at $25,000.

• Higher income workers may only be able to claim a partial deduction as the benefit begins to phase out starting at a Modified Adjusted Gross Income (MAGI) of $150,000 (Single) / $300,000 MFJ).

• The deduction is not available for people using the Married Filing Separately status.

• The rules require the taxpayer receiving the tips to have a Social Security number valid for work and employer designation on a W-2 or similar form.

05/06/2025

https://mailchi.mp/taxspeaker.com/bonus-letter-security-6262668?e=15cdded4a8

01/28/2025

Coloradans are set to get TABOR refunds after they file their taxes this year, but the state is reminding residents that they have to opt in.

The Colorado Department of Revenue is hoping to help taxpayers make sure they get as much money back as they can when they file their taxes this year.

“Unfortunately, if you didn’t check that box for your taxes you filed in 2024 for tax year 2023, you did miss out on your tabor refund,” said Elisabeth Kosar, communications director for the Colorado Department of Revenue. “TABOR is something you need to opt into so please, please check that box or again have whoever is preparing your taxes check that box.”

TABOR is short for the Taxpayer’s Bill of Rights. It’s an amendment to the Colorado constitution passed in 1992 that limits how much money the state can retain or spend each year. When the state goes over that limit, taxpayers get some of the money back.