Koons and Koons CPA, Inc

01/22/2026

With the introduction of Trump Accounts under President Trump's Working Families Tax Cuts Act, also known as the One Big Beautiful Bill Act (or OBBBA), a new opportunity has been created for American families to set up tax-advantaged savings accounts for their children younger than 18.

01/22/2026

Student loan enforcement is restarting. Should bankruptcy be considered? Learn the pros, cons, credit impact, and tax implications before deciding.

01/21/2026

Modified Adjusted Gross Income (MAGI) often emerges as a silent yet powerful factor that can dramatically influence a taxpayer's tax outcomes. This amount, which determines eligibility for key tax benefits, can stealthily transform anticipated tax savings into liabilities, leading to what is commonly referred to as a tax torpedo.

01/21/2026

It matters how you get there. Wednesday Wisdom from Koons and Koons CPA

01/20/2026

Generally, individuals are required to file a tax return for a year if their income exceeds the standard deduction for their filing status for that year. But even if they are not required to file, it may be beneficial to do so. They could be missing out on huge refundable tax credits and carryovers of tax benefits.

01/20/2026

Inflation hangover, payroll creep, tariffs, subscriptions, and tax surprises are draining SMB cash flow. Learn what to watch and how to respond.

01/19/2026

Watch this video to see why it can be beneficial to file your taxes even if you are not required to do so.

01/19/2026

01/16/2026

Poland has passed a zero personal income tax law for parents with two or more children earning up to 140,000 zloty, boosting family income and economic support.

01/16/2026

Teach once, earn forever!

01/15/2026

A big tax refund feels good, but it often signals missed planning. Learn how withholding reviews, estimates, and life changes affect your taxes.

01/15/2026

Income tax can feel confusing, but it doesn't have to be. Learn the basics of brackets, AGI, MAGI, deductions, and credits so you can work more effectively with your tax professional.