Burr Business Service

Burr Business Service Personal and business taxes, payroll and consultation. IRS representation.

08/20/2026

The SECURE 2.0 Act continues to reshape retirement savings, offering new opportunities for many to strengthen their financial future. Key updates include a higher required minimum distribution (RMD) age and expanded eligibility for 401(k) plans, making it easier for part-time workers to participate.

A major highlight for 2025 is the enhanced catch-up contribution limits for individuals ages 60 to 63. If you’re in this age group, you can now contribute up to $11,250 to your 401(k), 403(b), or governmental 457 plan, far above the standard catch-up amount.

These increased retirement contributions help you maximize your savings during your peak earning years and can lower your taxable income and reduce your overall tax liability.

08/11/2026

Oct.1st is the last day in 2026 for businesses to establish a new 401(k) safe harbor matching plan.
With a safe harbor plan, you can:
• eliminate the hassle of nondiscrimination testing
• maximize their employees’ salary deferrals and participation
• meet state-mandated retirement plan requirements, and
• potentially take advantage of tax credits.
Don't forget there may be credits for 1, 2 3 year that really make it worth something to do.

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08/11/2026

Many of youare facing required minimum distributions (RMDs) have questions. One smart strategy is to incorporate Qualified Charitable Distributions (QCDs).
Increasingly, many people seeking to do more with—and get more from—their RMDs are looking to charitable gift annuities (CGAs). In addition to being QCD-eligible, these contracts between donors and qualified public charities blend tax efficiency, retirement income and charitable intent.

07/16/2026

Federal 2026 Midyear Mileage Reimbursement rate July 1 .76.....

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07/14/2026

Several OBBBA charitable contribution changes became effective for 2026. For tax years beginning after Dec. 31, 2025, non-itemizers can claim a deduction of up to $1,000 for single taxpayers ($2,000 for married filing jointly). The deduction is a below-the-line deduction, after calculation of adjusted gross income.

06/30/2026

IRS offers safe harbor for Trump Accounts. Guidance Monday on the new Trump accounts...go sign up.

Stay tuned.

B

06/11/2026

Key takeaways
Trump Accounts are scheduled to launch on July 4, 2026, giving families a new tax-deferred way to save for children.

Eligible children born between 2025 and 2028 may receive an automatic $1,000 federal seed contribution.

A Trump Account must first be opened through the Treasury Department before it can be transferred to an approved IRA administrator.

Parents, grandparents, employers, government entities, nonprofits, and others may be able to contribute, subject to applicable limits and rules.

Funds generally can’t be accessed until the year the child turns 18, when the account essentially transitions into a traditional IRA.

06/11/2026

HSA contributions limits for 2027, taxpayers covered by a qualifying high-deductible health plan(hdhp), contributions limits 2027 Self only 4500 and family 900 the additional 1000 catch up for age 55 and older remains.

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06/11/2026

We are back up and running email working and all systems go.

Thanks for hanging in there with us...

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06/10/2026

Good morning we are still having some issues with the email... Please be patient with us. Call or text 402 477-3822

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1655 S 25th Street
Lincoln, NE
68502

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Tuesday 8am - 4pm
Wednesday 8am - 4pm
Thursday 8am - 4pm

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