Riedel-Hogan CPA

01/15/2026

12/29/2025

S.A.L.T.

The State and Local Tax (SALT) itemized deduction limit has increased from $10,000 to $40,000 for tax year 2025. This expanded deduction may substantially benefit higher-income taxpayers who previously could not itemize. Be sure to inform your tax preparer of any state or local tax payments you made outside of withholding reported on your Form W-2, as these may now be deductible.

12/29/2025

With wait times as long as 2 hours, this is an amazing way to research issues with the IRS.

Sign up now for an Online Account and have access to your tax information and all the tools you’ll need throughout filing season, without phone calls or wait times. Visit: www.irs.gov/accounts

12/27/2025

Here is a clear, up-to-date summary of the Child Tax Credit (CTC) and related dependent credit rules for tax year 2025 (the return you will file in 2026), based on the IRS guidance and tax policy updates:

If you have a dependent 16 years old or younger who meets the qualifying child requirements, you can claim up to $2,200 of CTC for that child. ([IRS][1])

If you have a dependent 17 years or older (or other dependents who are not qualifying children), you generally can claim up to $500 under the Credit for Other Dependents. ([IRS][2])

Detailed eligibility rules (relationship, residency, income limits, support tests, SSN/ITIN considerations) and how to calculate refundable amounts are available in IRS instructions and the CTC forms (e.g., IRS Schedule 8812). ([IRS][1])

[1]: https://www.irs.gov/credits-deductions/individuals/child-tax-credit?utm_source=chatgpt.com "Child Tax Credit | Internal Revenue Service"
[2]: https://www.irs.gov/newsroom/understanding-the-credit-for-other-dependents?utm_source=chatgpt.com "Understanding the Credit for Other Dependents"
[3]: https://taxpolicycenter.org/briefing-book/what-child-tax-credit?utm_source=chatgpt.com "What is the child tax credit?"

12/26/2025

Be mindful of the timing of charitable donations. Beginning in 2026, taxpayers who do not itemize will be allowed to deduct up to $1,000 (single filers) or $2,000 (married filing jointly) for cash contributions to qualified charities. If you expect not to itemize your deductions, consider waiting until January 1, 2026, to make your contribution so it qualifies for this new above-the-line deduction.

12/25/2025

Warm holiday wishes from Riedel-Hogan CPA! May your spreadsheets stay tidy, your receipts stay findable, and your cookie consumption remain… non-deductible but absolutely justified.

12/08/2025

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12/06/2025

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09/04/2025

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02/26/2024

Come Join Us at the LIBA Lunch and Learn to learn more about Beneficial Ownership Information (BOI) requirement.

The Corporate Transparency Act is a federal law that requires tens of millions of small businesses to file a beneficial ownership information (BOI) report with the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN). This report contains personal identifying information about a company’s beneficial owners. The requirement went into effect January 1, 2024. Does this law apply to your small business? Who is considered a “beneficial owner” of your company? Find out more at our Lunch N Learn!

02/16/2024

It feels good to meet your match; this goes for finding a trustworthy tax professional too. The has information on understand their qualifications to help you make the best choice.

Check out our directory of tax pros where you can find preparers in your area who currently hold professional credentials recognized by the IRS or who hold an Annual Filing Season Program Record of Completion.

For tips to help you find your check out www.irs.gov/chooseataxpro.

02/16/2024

Let's keep Louisville Weird and Compliant.