J & J TAXES AND MORE

07/17/2026

The IRS has announced they have raised the standard mileage rate for the second half of 2026:

The business mileage rate beginning July 1, 2026 has increased to 76 cants per mile (up from 72.5 cents).

This means if you are self employed and deduct mileage on your taxes, you will need to provide two seperate amounts.
One for Jan 1, 2026 to June 30, 2026
One fo July 1, 2026 to December 31, 2026

07/15/2026

Is it "Ordinary & Necessary?"
That's the first question you should ask yourself if you're a business owner (receive a 1099, rather than a W2) and want to deduct something.

07/13/2026

07/07/2026

The U.S. Department of the Treasury (USDT) is holding some 80 million matured U.S. Savings bonds worth approximately $29.7 billion that have stopped earning interest. What you can do to see if you have unclaimed bonds. MORE BELOW ⬇️

07/03/2026

These states have the highest "Sales" tax:

Louisiana – 10.11%
Tennessee – 9.61%
Washington – 9.51%
Arkansas – 9.46%
Alabama – 9.46%
Oklahoma – 9.06%
California – 8.99%
Illinois – 8.96%
Kansas – 8.69%
New York – 8.54%

07/03/2026

States with the lowest income taxes:

Arizona – 2.5% flat rate.
North Dakota – 2.5% for single filers with taxable income over $244,825, or joint filers with more than $298,075 of taxable income.
Indiana – 3% flat rate.
Louisiana – 3% flat rate.
Pennsylvania – 3.07% flat rate.
Ohio – 3.125% on taxable income over $100,000.
Iowa – 3.8% flat rate.
Arkansas – 3.9% on taxable income over $4,600.
Kentucky – 4% flat rate.
Michigan – 4.25% flat rate.
North Carolina – 4.25% flat rate.

07/03/2026

These states have no "income taxes!"

Alaska
Florida
Nevada
New Hampshire
South Dakota
Tennessee
Texas
Washington
Wyoming

06/21/2026

We’ll be out of the office the week of June 22.

06/05/2026

Treasury has launched the official Trump Accounts app ahead of the program’s July 4, 2026, debut.
A few key takeaways:
• Activation emails will be sent in phases.
• Legitimate activation emails should come only from [email protected].
• Treasury says it will not contact families by phone or text to activate an account.
• Contributions cannot begin until July 4, 2026.
• The $1,000 federal pilot contribution is not automatic—you must make the required election.
• There is no cost to open a Trump Account.
The big caution here is scams. New federal programs almost always create opportunities for lookalike websites, fake customer service numbers, and “helpful” third parties to request personal information or payment.
Use only the official app or type TrumpAccounts.gov directly into your browser.

Thanks Taxgirl (copied)