Chris Edwards, CPA

03/31/2026

One of the first questions I ask my clients is “Do you have an HSA?” The response I get is usually, “How do I know if I have that?”

Take 10 minutes to watch this video, and let me know if you have any questions.

07/07/2025

There is considerable misinformation circulating regarding the new tax laws related to tips and overtime. This deduction is classified as an ABOVE THE LINE deduction - what are the implications of this designation?

It is essential to note that this deduction has no impact on the standard deduction or itemized deduction.

Consider a married couple with an annual income of $100,000, of which $20,000 is derived from tips. Their total reported income would be $100,000, but it would be reduced by $20,000, along with any qualified retirement contributions, student loan interest, and other applicable deductions. This results in an Adjusted Gross Income (AGI) of $80,000. Subsequent adjustments can be made to arrive at their Modified Adjusted Gross Income (MAGI), at which point they would claim either the standard deduction or itemized deductions.

03/23/2024

If you owe taxes but can’t pay them in full by the IRS deadline, still file your tax return. Find out more by visiting www.irs.gov/payments. ...

02/06/2024

02/02/2024

It’s tax season!

For the first two weeks of February I am offering $80 simple tax returns. This includes both Federal and State returns efiled. Returns are limited to:

-W2 Income
-Interest or dividends(1099 INT/DIV) that don’t require schedule B
-IRS standard deduction
-Earned Income Tax Credit
-Child Tax Credit

01/19/2024

The IRS will not begin accepting returns until January 29th.

If you have children, I highly encourage you to wait until at least January 29th to file your tax return. Congress is discussing an increase to the Child Tax Credit. This change would be retroactive for 2023. If you file before then, the CTC amount may be less if the changes are made.