Campbell's Tax Service

04/15/2026

Today’s the day!

If you haven’t signed yet, stop by before 3 or give us a call and we’ll get your extension filed.

We close at 3 today
Closed Thursday and Friday

Starting next week, we move to off-season hours:
Monday through Thursday, 8–5

Let’s get you taken care of 👍

04/14/2026

03/23/2026

We are working to get our phone lines fixed. Apologies for the inconvenience!
501-843-4292 is still working

01/26/2026

🚨 Office Closure Notice 🚨
Campbell’s Tax Service will be closed Tuesday, January 27th due to unsafe road conditions.
We’re hoping to be back in the office Wednesday — fingers crossed 🤞
Everyone please stay safe!

01/26/2026

We will be closed tomorrow (Monday January 26). We will let you know about Tuesday depending on the road conditions. Thank you for understanding.

08/15/2025

Day 9: What’s Happening to Energy Tax Credits? Here’s What’s Staying—and What’s Going Away
There’s been a lot of talk about solar and energy-efficient upgrades. Here’s where things stand under the new tax law:

✅ EXPIRING BUT UNUSED CREDIT CAN CARRY FORWARD: Residential Clean Energy Credit
Covers things like solar panels, geothermal, wind, and battery storage.
▶You can still get 30% of the cost back as a tax credit.
▶If the credit is more than what you owe, you can carry it forward to future years.
▶Expires after 2025, but credits earned in 2025 can still roll over into future tax years.

❌ EXPIRING: Energy-Efficient Home Improvement Credit
Covers insulation, heat pumps, windows, doors, electrical upgrades, and more.
▶Also worth 30% of qualifying costs, but this one does not roll over—you lose what you don’t use.
▶This credit is set to end after December 31, 2025. No carryover, no extension announced yet.

In short:
▶Clean energy systems like solar still have long-term value and flexibility.
▶Home efficiency upgrades are still useful this year—but after that, the credit is gone unless Congress extends it.
▶Don't stress about your solar credit if you have one rolling forward. It's still there.

08/14/2025

📣 Day 8: SALT Cap Is Going Up (Temporarily)
If you pay a lot in state income or property taxes, here’s some good news:

Starting in 2025, the SALT deduction cap increases from $10,000 to $40,000 through 2029.

That means you can deduct more of the state and local taxes you pay on your federal return — but only if:
▶You itemize (not take the standard deduction)
▶Your income is under $500,000 (phase-out starts above that)

The cap will rise a little each year, then go back to $10,000 in 2030.

📌 So if you live in a high-tax state or pay a lot in property taxes, this could reduce your federal tax bill in the coming years.

08/13/2025

Day 7: 1099 Changes Ahead — Small Business Owners, This One’s for You
Starting in 2025, you’ll deal with fewer 1099 forms—but the rules still matter.

🧾 1099-K (Payment apps & online sales)
You’ll now only get a 1099-K if you process over $20,000 and 200 transactions. This replaces the $600 rule that never fully took hold.

🧾 1099-NEC / MISC (Paying contractors)
👉 Starting in 2026, you won’t need to issue a 1099 unless you pay $2,000 or more. This gives businesses more breathing room and cuts down on low-dollar filings.
👉Check this start date, y'all. 2025 still has the $600 limit. The new limit starts for payments made in 2026.

✅ Reminder: Even if no form is sent or received, income is still reportable.

08/12/2025

Day 6: Educator Expenses Got an Upgrade

There’s an upgrade coming for teachers, coaches, and others who work in schools and spend money out of pocket on classroom needs.

Starting in 2026, the educator expense deduction is being expanded.

Here’s how it will work:
▶The $300 above-the-line deduction (or $600 if married filing jointly) remains the same. You can still take that without itemizing.
▶But now, qualified expenses beyond that $300 cap can also be deducted—if you itemize. These expenses will fall under miscellaneous deductions, subject to the 2% AGI floor.
▶The definition of “educator” has been broadened to include coaches, counselors, principals, and administrators who work at least 900 hours a year in a school.
▶Covered expenses include classroom supplies, books, computer equipment, professional development, and in some cases, athletic supplies and gear.

This change doesn’t dramatically raise the immediate above-the-line benefit, but it does open the door for more educators to deduct a greater portion of what they already spend—especially those who itemize and track those extra costs.

So-- educators. Track those expenses. Save those receipts.

08/11/2025

Day 5: A Bigger Child Tax Credit Is Coming in 2025
Families, this one’s for you.

Starting with your 2025 taxes, the Child Tax Credit is increasing to $2,200 per child—up from the current $2,000. That may not sound huge, but it’s a meaningful step, and even better—it’s tied to inflation, so it can continue to grow in future years.

What’s staying the same:

Up to $1,400 of the credit remains refundable, meaning you can still get it back even if you don’t owe taxes.

The income phaseouts are still generous—$200,000 for single filers, $400,000 for married couples—so many middle-class families will continue to qualify.

One other update to be aware of: to claim the credit, both the child and at least one parent must have a work-eligible Social Security number.

Overall, this is a welcome boost to families raising kids—and it’s part of a broader effort to keep tax relief growing as costs rise.

08/10/2025

Day 4: Social Security Isn’t Fully Tax-Free — But This Still Helps
It’s not the full tax-free Social Security we were hoping for... but it’s something.

Starting in 2025, seniors age 65+ will get an extra $6,000 deduction—or $12,000 for married couples filing jointly—on top of the standard deduction. That means a big chunk of Social Security benefits will no longer be taxed for most people.

📉 It won’t eliminate Social Security taxation entirely, but for about 9 out of 10 seniors, it’ll reduce or even wipe out the federal income tax on those benefits.

If you or your spouse are bringing in more than $175,000 (single) or $250,000 (joint), the deduction begins to phase out—so this is really targeted at low- to middle-income retirees.

It’s not perfect.
It’s not total relief.
But it’s still real money back in your pocket—especially for seniors on a fixed income.
This is one of those deductions we'll automatically apply on our end. No extra work required for you.

08/09/2025

🌟Day 3: If You Make Money from Tips, Here's a Sweet Tax Break🌟

If you regularly earn tips—like servers, bartenders, hair stylists, or delivery drivers—this one’s for you.

Starting January 1, 2025, the new law gives you an above‑the‑line deduction (meaning it works even if you take the standard deduction) for up to $25,000 of qualified tips per year. And if you’re self-employed, the amount can't exceed your net income from that tipped work. All of this runs through 2028.

What counts as 'qualified tips'?
▶They must be voluntary—so no automatic service charges.
▶And they have to come from occupations that regularly received tips before 2025. The IRS will publish the full list by early October.

Income limits?
▶Yes. The higher your income, the less benefit you get. It starts phasing out above $150,000 AGI for singles, or $300,000 for married couples filing jointly.

Important to know:
▶Tips are still subject to payroll taxes (Social Security, Medicare). This only cuts your federal income tax.
▶If your job falls under certain specified services (like accounting, law, health care), you likely aren't eligible.

We are waiting on more guidance from the IRS on this one as well. The tips may be reported on your W2 or you may have to report them separately. We're not sure yet. So just in case, track those tips!