Proano Tax Prep

07/17/2026

www.irs.gov/withholding

07/16/2026

https://ow.ly/xHr450ZnoLj

Tax relief is available for those affected by severe storms, tornadoes and flooding that began on April 13, 2026, in Wisconsin.

Affected individuals and businesses will have until Nov. 2, 2026, to file returns and pay any taxes that were originally due during this period.

Learn more: https://ow.ly/xHr450ZnoLj

07/15/2026

https://ow.ly/y6nE50ZjmXs

Summer often means extra help for many businesses. If you're hiring seasonal or part-time employees, the reminds employers that these workers are subject to the same federal income tax withholding, Social Security, and Medicare tax rules as other employees.
If you're a seasonal employer, you also may not have to file Form 941 for quarters when you paid no wages and have no tax liability. Check the "seasonal employer" box in Part 3 of every Form 941 you file.

Learn more about seasonal employer filing and withholding requirements before your next hiring cycle: https://ow.ly/y6nE50ZjmXs

07/13/2026

https://ow.ly/xwAh50Zhh53

💰 Maximize Your Retirement Savings with the Saver's Credit! 💰
Did you know that you could be eligible for a tax credit for contributing to your retirement savings? The Saver's Credit is designed to help low- and moderate-income taxpayers save for retirement. Here’s what you need to know:
🔹 Who is eligible?
• Must be 18 or older
• Not claimed as a dependent
• Not a full-time student

🔹 What’s the benefit?
You can receive a credit of 10%, 20%, or even 50% of your contributions to retirement accounts like IRAs or 401(k)s, depending on your income. For example, if you contribute $2,000, you could receive a credit of up to $1,000.

For more details, visit here: https://ow.ly/xwAh50Zhh53

07/12/2026

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07/12/2026

irs.gov/retirement

Saving for retirement starts with understanding the rules.

For 2026, you can contribute up to $7,500 to your traditional and Roth IRAs combined ($8,600 if you're age 50 or older), or your taxable compensation for the year, whichever is less.

You may also be eligible to contribute to an IRA even if you're covered by a retirement plan at work or if you're filing jointly with a spouse who has taxable compensation.

Be sure to review contribution limits, deduction rules, and income restrictions before making contributions. The has resources to help you plan for retirement and avoid excess contribution penalties.

Learn more: irs.gov/retirement

07/10/2026

www.irs.gov/scams

Social media is great for sharing cuteness, but not for solid tax advice. The warns that inaccurate or misleading tax info shared on social media could lead to steep civil and criminal penalties for those who take the bait. www.irs.gov/scams

07/10/2026

🤩https://ow.ly/1KzR50ZlL2N

The is simplifying penalty relief. The new Automatic Exemption from Penalty, or AEP, is a systemic administrative relief program that provides penalty relief for taxpayers with a history of filing and paying on time. AEP applies to eligible original returns beginning with tax year 2025 and 2026 quarterly returns, as well as future tax periods. https://ow.ly/1KzR50ZlL2N