Hendrick & Kellison, LLC

Hendrick & Kellison, LLC We provide quality tax advisory services to businesses, individuals, estates and trusts, ensuring eac

The SSA has redesigned the Social Security Statement, accessed online. The SSA encourages recipients to check their stat...
09/04/2026

The SSA has redesigned the Social Security Statement, accessed online. The SSA encourages recipients to check their statement at least once per year to review: accuracy of earnings record, personalized monthly retirement benefit estimates, information that explains your benefits and help with financial planning, new fact sheets that provide additional information based on your specific age group and earnings situation, and more.

You can access your new statement by signing into your account at socialsecurity.gov/reviewyourstatement.

Support your Favorite Charity and receive a tax deduction.The One Big Beautiful Bill Tax Act created a new charitable de...
09/03/2026

Support your Favorite Charity and receive a tax deduction.

The One Big Beautiful Bill Tax Act created a new charitable deduction for taxpayers who take the standard deduction (i.e., nonitemizers), effective for tax years beginning after December 31, 2025. Eligible taxpayers may deduct cash contributions of up to $1,000 ($2,000 for a joint return) made during the year to qualifying public charities.

This deduction is limited to current-year cash gifts and does not apply to contributions to donor-advised funds or supporting organizations, or to charitable contribution carryovers from prior years.

The Internal Revenue Bulletin 2026-29 (dated July 13, 2026) includes Announcement 2026-11, which revises the optional st...
09/02/2026

The Internal Revenue Bulletin 2026-29 (dated July 13, 2026) includes Announcement 2026-11, which revises the optional standard mileage rates for substantiating the costs of operating an automobile for business, medical, and moving purposes—effective beginning July 1, 2026.

The revised standard mileage rates are:
• 76 cents per mile for business purposes (up 3.5 cents from the previous level)
• 23.5 cents per mile for medical and moving purposes (up 3 cents from the previous level)

The announcement modifies Notice 2026-10 and is due to recent increases in the price of fuel.

08/30/2026

There’s a new tax benefit for charitable giving in 2026. Under the Working Families Tax Cuts, taxpayers who don’t itemize may be able to deduct up to $1,000 in cash contributions to certain qualified organizations, or up to $2,000 for married couples filing jointly. See the new charitable contribution deduction rules and find out what qualifies: https://ow.ly/yGkH50ZyczK

08/28/2026

Oregon's $1 million exemption is the lowest among states with estate taxes. Proponents of raising it say it would save family businesses millions. Opponents, though, argue the move could the general fund more than $400 million. >> See the full article below ⬇️

07/30/2026

If you plan to support a cause, verify that you’re giving funds to a legitimate charity. An tool can help: www.irs.gov/teos

Address

520 NW Oak Avenue, Suite C
Corvallis, OR
97330

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

(541) 753-5441

Alerts

Be the first to know and let us send you an email when Hendrick & Kellison, LLC posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share

Category