Carolyn D Thompson CPA LLC

08/10/2026

Workers generally may claim the overtime pay deduction only for amounts reported on Form W-2, Wage and Tax Statement, beginning in tax year 2026, according to updated IRS FAQs. The IRS also clarified that the deduction does not make overtime pay exempt from gross income.

05/14/2026

https://www.journalofaccountancy.com/news/2026/may/taxpayers-advised-they-can-ignore-cp53e-notice-after-verifying-error/?utm_campaign=20260514&utm_source=facebook&utm_medium=social&fbclid=IwY2xjawRzG5xleHRuA2FlbQIxMQBzcnRjBmFwcF9pZBAyMjIwMzkxNzg4MjAwODkyAAEeOKmpb0RU3IIuWZWIvu68HXOXGNqJIW-YMAFKBEUQpS3JWQK-E8tVh50SfHg_aem_5MB0559F95s57cZZaDu9lQ

The IRS’s sending of about 1.4 million CP53E notices sparked concerns about errors and fraud. A release from the Taxpayer Advocate Service urged taxpayers to verify their accounts directly on IRS.gov.

04/22/2026

Our office will be changing to spring/summer hours. Monday- Thursday 9-3.
We will be open through the lunch hour.