Markowitz And Associates, Ltd.

02/13/2026

With strict rules and limited tax benefits, Trump accounts aren’t right for every family—particularly if they’re not eligible for government or private seed contributions. They're likely best used alongside existing accounts.

I made a chart to compare how they stack up against other accounts. Here you go.

Link to article with more info here:
https://www.forbes.com/sites/kellyphillipserb/2026/01/30/is-a-trump-account-the-right-savings-plan-for-your-children/

01/17/2026

Eligible seniors will be able to file Indiana’s Tax Credit for the Elderly online starting this year, making it easier and faster to receive their refund. Seniors who qualify for the credit but do not need to file an income tax return can do so online on INTIME at intime.dor.in.gov. Read the full article here: https://www.in.gov/dor/about/news-publications/

01/04/2026

I've seen a lot of "ads" and posts suggesting that you can get money by clicking on a link or filing with a certain preparer.

Those are either scams or misleading ads.

Right now, there are no stimulus checks, no tariff checks (including the $2,000 tariff checks that were proposed but not approved), and no early refunds (tax season has not yet opened).

Be smart. Don't fall for the nonsense.

If you have questions about whether something is legitimate, ask a trusted source.

12/31/2025

Here's your quick peek at the mileage rates for 2026:

12/31/2025

https://www.cbsnews.com/news/nine-states-cutting-income-taxes-2026/

Income tax cuts are taking effect in multiple U.S. states on Jan. 1, 2026, a new analysis says.

12/26/2025

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

12/26/2025

https://www.facebook.com/share/1Grt1f4yP7/

The USPS postmark policy, effective Dec. 24, 2025, could affect the timeliness of your mail-in tax payments. DOR encourages taxpayers to utilize INTIME to submit payments. More on the postmark policy: https://www.federalregister.gov/documents/2025/11/24/2025-20740/postmarks-and-postal-possession -27

12/18/2025

https://www.cnn.com/2025/11/14/business/taxes-crypto-irs-form-1099-da

When it comes to voluntarily paying taxes on time to the IRS, crypto investors may not have a great record. At least, not according to an IRS review from 2023, which showed “the potential for” a mere 25% compliance rate.

11/26/2025

https://www.journalofaccountancy.com/news/2025/nov/about-1-million-taxpayers-to-get-automatic-penalty-relief-next-year/?fbclid=IwdGRzaAOTX-djbGNrA5NfS2V4dG4DYWVtAjExAHNydGMGYXBwX2lkDDM1MDY4NTUzMTcyOAABHizzfvUlvMoVOoSxwybkjcskcefPdHodFk08kEZs6j7rmIoxs7kimUBZ1kiq_aem_J-h4usCXe9XwRwL2iwJrSQ

During a session at the AICPA National Tax Conference, the national taxpayer advocate said the IRS will start applying first-time abatements automatically next year.

09/07/2025

https://www.thetaxadviser.com/news/2025/sep/treasury-posts-preliminary-list-of-jobs-eligible-for-no-tax-on-tips/

The list has a variety of occupations that customarily receive tips, including bartenders, dancers, and digital creators.

08/10/2025

https://www.irs.gov/newsroom/irs-announces-no-changes-to-individual-information-returns-or-withholding-tables-for-2025-under-the-one-big-beautiful-bill-act?fbclid=IwQ0xDSwMF_GVjbGNrAwX8KGV4dG4DYWVtAjExAAEeJyAz2zsUgqhIrMsN7JAoH9pFNBzlPDECRnN3fqs255_7DGjMmS4gMHJaA4s_aem_X3RsDow1jNgt1drbKSsFKQ

IR-2025-82, Aug. 7, 2025 — The IRS today announced that, as part of its phased implementation of the One Big Beautiful Bill Act, there will be no changes to certain information returns or withholding tables for Tax Year 2025 related to the new law.

07/30/2025

https://federalnewsnetwork.com/it-modernization/2025/07/irs-to-overhaul-decades-old-tax-it-system-thats-under-doge-scrutiny/

The project also comes at a time when the IRS is sharing its sensitive data with DHS and DOGE officials.