Charles Schwartz, Accounting LLC

02/20/2026

Clocking extra hours at your job? You can now keep more of your money. Under the One, Big, Beautiful Bill, there's a deduction for the overtime wages you earn. Treasury and just released frequently asked questions to help explain this deduction, right in time for season. This valuable deduction can help you reduce the tax you owe or increase the size of your refund.

Learn more about "no tax on overtime" at https://ow.ly/HGV450Y7Gng.

02/10/2026

February's tax appointments are filling up fast. We have weekdays including evening and weekend time slots available. Give the office a call at (860) 432-1487 to book your appointment today.

01/09/2026

Call our office or send us a message to schedule your tax preparation appointment.

The announced Monday, January 26, 2026, as the opening of the nation’s 2026 filing season. You will have until Wednesday, April 15, 2026, to file your 2025 tax returns and pay any tax due. Don’t forget that IRS.gov has online tools and resources you can use before, during and after filing your federal tax return. For a list of filing season tools, reminders and resources, read: https://ow.ly/1yqq50XTweL

11/17/2025

Picking up extra hours at your job? You can get a tax deduction on qualified overtime compensation. Starting in tax year 2025, under the One, Big, Beautiful Bill, you can deduct up to $12,500 of wages that exceed your regular rate of pay. This can offer significant savings on your tax return.

Find out if you qualify at www.irs.gov/obbb.

11/17/2025

The has announced the 2026 annual contribution limits have increased to $24,500 for 401(k) plans and $7,500 for IRAs. Learn more about the rise in pension limits at https://ow.ly/usIS50Xr80z.

09/29/2025

Take a look at the and The U.S. Department of the Treasury new guidance on the One, Big, Beautiful Bill’s “no tax on tips” provision: https://ow.ly/u3N550WZzVx

09/02/2025

Preparing your classroom for the new school year? Eligible educators may deduct qualifying out-of-pocket expenses on their tax return next year. Qualifying expenses include books, supplies, computer equipment and supplementary materials that you use in your classroom.

Get more information from the at https://ow.ly/Azzw50WKpj5.

08/26/2025

Did you know you can check the status of your amended return online? Around three weeks after you submit your Form 1040X, you can check the status of your return on the website. This can be a valuable time saver so you can spend more time with your loved ones.

Check the status of your amended return and get back to your summer fun at https://ow.ly/8KUN50WCUg5.

08/13/2025

Thinking about buying a car? You might be eligible for a deduction, too. Starting this year, you may deduct interest paid on a loan to purchase a qualifying vehicle.

Find out if you qualify at https://ow.ly/A71K50Wq966

08/12/2025

It's time to get back to school. If you're not sure what tax benefits are available to you and your family, check out all the information available on the website. We break down which education costs may qualify you for a tax credit or deduction, offering valuable savings for your family.

Learn more about education tax benefits at www.irs.gov/education.