Liberty Tax

10/31/2026

1. Interest from savings accounts and CDs.
You did not work a shift to earn it, but interest can still be taxable income. When rates rise or your cash balance grows, a category that used to be a few dollars can become large enough to noticeably change your return.

2. Freelance work that never produced a 1099.
Taxable income does not disappear because a client paid by cash, check, or an app and no form arrived. Your own records should tell you what you earned instead of treating the tax forms as the complete list.

3. Selling investments for more than your basis.
A stock, fund, crypto asset, or other investment can create a taxable gain when sold. The taxable amount is not necessarily the full deposit because basis and other details matter.

4. Certain retirement withdrawals.
Money coming out of a retirement account can be taxable even though it feels like you are spending your own savings. The account type and nature of the distribution determine how it is treated.

5. Prize, award, or gambling winnings.
Money does not need to come from a job to be taxable. Certain prizes and winnings may belong on the return even when they were unexpected or paid outside a normal paycheck.

A lot of taxable income never looks like payroll. If money came in from somewhere new, it is worth asking how it is treated before assuming it does not count.

If you want help with knowing which income documents to look for before filing, follow us and comment "LIBERTY" so we can send you our free Tax Prep Checklist.


[taxable income, side hustle income, investment income, bank interest, retirement income]

10/30/2026

Black Friday is coming fast. Your holiday budget might be able to get a head start. Our Holiday Advance Loan is coming soon at Liberty Tax. It’s a loan secured by and paid by your tax refund, with loan amounts from $200 up to $1,200* for eligible taxpayers. Loan offered by Republic Bank & Trust, Finance charge will apply, if approved. *See site for details.
Learn More: https://www.libertytax.com/holiday-advance-loan

*To be eligible for the $1,200 loan amount, your expected Federal refund less authorized fees must be at least $9,950. Amounts over $200 must have prior year funding history with Liberty Tax. A Holiday Advance loan is a loan secured by and paid by your tax refund and is offered by Republic Bank & Trust Company to eligible taxpayers. It is not your tax refund. Loan amount options are based on your expected Federal refund less authorized fees. If approved, a Finance Charge will apply. Loan is subject to underwriting and approval. The Holiday Advance loan proceeds are typically available within 24 hours of IRS acceptance of tax return or within 24 hours for those filing before the IRS start date; however, if direct deposit is selected, it may take additional time for your financial institution to post the funds to your account. Visit your Liberty office to learn about the cost, timing and availability of all filing and product options. Tax returns may be e-filed without applying for this loan. Valid at participating locations. Limited time offer. Valid 11/16/26-1/16/27.

10/30/2026

1. File before all of my expected tax documents arrive.
Filing quickly is not helpful if a forgotten W-2, 1099, retirement statement, or investment form forces you to correct the return later.

2. Guess at a number I could verify.
Estimated payments, investment basis, business expenses, and dependent information deserve records. A tax return is a terrible place for "that sounds about right."

3. Ignore a major difference from last year's return.
If the refund, balance due, income, or deductions changed dramatically, I would want to know exactly what caused it.

4. Claim a deduction because somebody online said everyone can.
Tax deductions have rules. I would verify that my actual situation qualifies before putting it on a signed return.

5. Sign something I don't understand.
You are responsible for the return you sign. I would ask questions until I understood where the important numbers came from.

Fast filing is useful. Accurate filing is more useful.

If you want help knowing what to have ready before filing, follow us and comment "LIBERTY" so we can send you our free Tax Prep Checklist.


[tax filing, tax documents, tax deductions, tax return review, tax preparation]

10/29/2026

1. The tax preparer may see something the books need corrected for.
An expense categorized one way in bookkeeping software may need different treatment on the tax return. Questions are easier to solve when both professionals can explain where the number came from.

2. Your bookkeeper knows the story behind the transactions.
The tax preparer sees totals. Your bookkeeper may know why a large deposit appeared, why an account changed, or which purchase was equipment instead of an everyday expense.

3. Year-end cleanup gets much easier.
When questions are resolved during the year, tax season is less likely to become a frantic hunt through twelve months of receipts and bank statements.

Your bookkeeping and your tax return are telling the same financial story. They should not be built in two completely separate worlds.

If you want help getting your business information ready before filing, follow us and comment "LIBERTY" so we can send you our free Tax Prep Checklist.


[bookkeeper, tax preparer, business bookkeeping, business taxes, tax preparation]

10/28/2026

1. Missing legitimate deductions because you never tracked them.
An expense you forgot or cannot document may never make it onto the return, which can leave taxable business income higher than it needed to be.

2. Paying estimates based on an outdated year.
When business profit grows, last year's estimated payment amount may no longer fit the current business.

3. Mixing personal and business purchases.
Besides creating cleanup work, weak separation can make legitimate deductions harder to identify and support.

4. Misclassifying large purchases.
Equipment and other assets may have different tax treatment from ordinary everyday expenses. Throwing everything into "supplies" can create problems later.

5. Waiting until filing to learn how profitable the business was.
By then, the income has already been earned and the cash may already be spent. Knowing profit during the year gives you time to reserve money for taxes.

Clean books do more than save your accountant time. They can directly affect how accurately income and deductions are reported.

If you want help getting your business tax documents organized, follow us and comment "LIBERTY" so we can send you our free Tax Prep Checklist.


[business tax mistakes, business deductions, estimated taxes, bookkeeping, business profit]

10/27/2026

🌟Qualifying children born 2025–2028 may receive a one-time $1,000 contribution from the U.S. Treasury when the required election is made.

🌟Families and others can contribute, with most contributions subject to a $5,000 annual limit. Employers can also contribute up to $2,500 per year, subject to the applicable rules.
Understanding new tax rules today can help you plan for tomorrow!

Call your neighborhood tax expert today. +1 970-644-8240

General 2026 federal tax information only. Eligibility and tax benefits vary by taxpayer.

10/27/2026

1. "How often will my books actually be updated?"
Monthly bookkeeping and once-a-year cleanup are very different services. Know how current your numbers will be when you need them.

2. "How do you handle transactions you aren't sure about?"
A good process should flag unclear expenses instead of guessing where they belong and hoping nobody notices later.

3. "Will my accounts be reconciled?"
Reconciliation compares the books against actual bank and credit-card activity. Without it, missing or duplicated transactions can sit unnoticed.

4. "What reports will I receive?"
At minimum, understand what financial information you'll be able to see and whether someone will explain what those numbers mean.

5. "How will you work with my tax preparer?"
Your books eventually become part of your tax return. A bookkeeper who can answer questions and provide clean records can make filing much smoother.

Bookkeeping is not data entry. You're hiring someone to maintain the financial information your business decisions and tax return may depend on.

If you want help knowing what business records you'll need at tax time, follow us and comment "LIBERTY" so we can send you our free Tax Prep Checklist.


[hiring a bookkeeper, business bookkeeping, financial records, business taxes, small business finances]

10/26/2026

1. A notice with a response deadline.
Tax notices generally tell you what the agency needs and when. Missing the deadline can reduce your options or make the issue more difficult to resolve.

2. A return you know contains incorrect information.
If you discover missing income, an incorrect dependent, or another significant error, hoping nobody notices is not a strategy.

3. A tax balance that keeps growing.
Interest and certain penalties can continue while federal tax remains unpaid. Even when you cannot pay everything immediately, understanding your options matters.

4. Withholding you already know is too low.
Every paycheck that passes can increase the shortage. Fixing withholding earlier gives you more remaining pay periods to spread the adjustment across.

5. Business records that are falling months behind.
Missing receipts and unclear transactions get harder to explain with time. Waiting until tax season can turn a manageable bookkeeping problem into a reconstruction project.

Tax problems get expensive when a fixable issue is allowed to keep growing.

If you want help getting your documents organized before you deal with a tax issue, follow us and comment "LIBERTY" so we can send you our free Tax Prep Checklist.


[IRS notices, tax debt, tax withholding, bookkeeping, tax problems]

10/25/2026

1. Assuming payroll withholding will automatically keep up.
A raise may be handled through payroll, but bonuses, a second job, business income, and investments can change the household picture. Each payer usually sees only its own piece, not everything you earned elsewhere.

2. Failing to adjust estimated payments.
If you are self-employed, larger profit can mean larger estimated tax needs. Keeping the same payment amount from a much smaller year can create a growing shortage every quarter.

3. Forgetting that some tax benefits have income limits.
Certain deductions, credits, and contribution rules change as income rises. A benefit you qualified for last year may shrink or disappear even though nothing else about your life changed.

4. Increasing fixed spending before learning the after-tax number.
A $30,000 increase in gross income does not mean $30,000 of new lifestyle room. Taxes, retirement contributions, benefits, and other deductions can make the usable increase much smaller.

5. Waiting until filing season to measure the change.
A tax projection during the year can show whether withholding and estimated payments are keeping pace. April is the worst time to discover that every extra dollar was already committed elsewhere.

When income rises quickly, the smartest first move is understanding the new after-tax picture before your lifestyle expands to match the gross number.

If you want help with getting your income documents organized for filing, follow us and comment "LIBERTY" so we can send you our free Tax Prep Checklist.


[high income taxes, tax withholding, estimated taxes, tax planning, income increase]

10/24/2026

1. Discovering too late that withholding was too low.
Once the year is over, you cannot go back and withhold more from paychecks that already happened. A midyear check gives you months to adjust instead of one tax bill to react to.

2. Trying to recreate business records from memory.
Mileage, receipts, business purpose, and cash expenses become harder to reconstruct with every month that passes. By April, a missing record may be impossible to rebuild accurately.

3. Selling investments without considering the tax result.
The gain or loss is created when the sale happens. Looking at the tax consequences after December cannot undo the transaction, even when another timing choice might have fit your plan better.

4. Ignoring estimated payments while a business grows.
Profit can increase much faster than the amount you are paying toward taxes. Waiting for the return to measure the gap can leave a business owner with a large bill and no cash reserve for it.

5. Missing decisions that had to happen before year-end.
Some retirement contributions, business purchases, charitable gifts, and other planning moves have timing rules. A great idea in March may be too late to affect the year you are filing.

Tax preparation happens after the year ends. Tax planning happens while you still have choices.

If you want help with getting organized before April arrives, follow us and comment "LIBERTY" so we can send you our free Tax Prep Checklist.


[year round tax planning, tax season, estimated taxes, tax withholding, tax records]

10/19/2026

Federal Tax savings and State Tax savings may seem similar, but there is a key difference! Call your neighborhood tax expert with any questions!

General 2026 federal tax information only. Eligibility and tax benefits vary by taxpayer.

10/15/2026

TODAY IS THE FINAL DAY TO FILE WITHOUT FINES AND PENALTIES!! Get it done today!


October 15 is the deadline to file for taxpayers who received an extension; an extension to file is not an extension to pay.

10/10/2026

Only 5⃣ days left to complete your 2025 Tax Return! Don’t race the clock, call your neighborhood Liberty Tax Expert NOW!!


October 15 is the deadline to file for taxpayers who received an extension; an extension to file is not an extension to pay.

10/07/2026

Less than 2 weeks until the October 15th deadline! If you have not completed your return call us now! We are open and ready to serve you!


October 15 is the deadline to file for taxpayers who received an extension; an extension to file is not an extension to pay.

10/05/2026

A key tax change for small business owners to know heading into 2026…
The QBI deduction is now permanent, and starting in 2026, the phase-in range expands from $50,000 to $75,000 for most filers and from $100,000 to $150,000 for joint filers. That wider range could allow more business owners to benefit from the QBI deduction!

General 2026 federal tax information only. Eligibility and tax benefits vary by taxpayer.

10/01/2026

IRS problems can feel intimidating. Community Tax — partnered with Liberty Tax — has helped resolve over $1 billion in tax liabilities. Their team offers affordable tax resolution services for individuals and businesses.

Tax resolution services are provided by Community Tax, LLC, an independent tax resolution firm. Results vary based on individual circumstances. Not all clients qualify for all programs. Past results do not guarantee future outcomes. Liberty Tax and Community Tax do not guarantee specific tax relief results. “Over $1 billion in liabilities resolved” reflects the cumulative total of client liabilities addressed by Community Tax since inception.

09/25/2026

Planning for retirement?💰

The 2026 retirement contribution limits are here, and knowing how much you can contribute could help you make smarter decisions for your future.

See the updated limits and planning tips: 📲 https://www.libertytax.com/blog/2026-retirement-contribution-limits-and-planning-tips

Have tax questions along the way? Your local Liberty Tax team is here to help.

General information only. Tax situations vary, so review current IRS guidance or speak with a qualified tax professional.

Explore 2026 contribution limits for 401(k)s, IRAs and SIMPLE plans, plus planning considerations to help maximize your retirement savings.

09/23/2026

Did you file an extension? The deadline is almost here. Visit your local Liberty Tax office before the October 15th deadline to complete your return!

Find a office here: https://www.libertytax.com/income-tax-preparation-locations

09/22/2026

New state, new address, new rules 🏡 If you moved this year, you may have to file in more than one state next tax season.
Make sure your address is updated and keep track of income earned in each state. Need guidance? Liberty Tax has you covered!

09/15/2026

Today we kick off Hispanic Heritage Month! ❤️💛💚 We celebrate the rich culture, lasting impact, and powerful contributions of the Hispanic community across our country and within the Liberty Tax family.
Join us this month as we highlight inspiring stories and voices that make a difference every day.