The Tax Shop

10/16/2026

Sports betting comes with IRS strings. Know them and plan accordingly.

As sports betting grows in popularity, the IRS is paying attention. Do you know how your winnings and losses are taxed?

10/10/2026

🚨 NEW FOR 2027: THE GOVERNMENT MAY PUT UP TO $1,000 A YEAR DIRECTLY INTO YOUR RETIREMENT ACCOUNT

This one is real.

Starting in 2027, a new federal program called the Saver’s Match will replace the current Saver’s Credit for most retirement contributions.

If you qualify, the federal government can match up to 50% of the first $2,000 you contribute to an IRA, 401(k), 403(b), or certain other retirement plans.

That means:

Contribute $1,000 → potentially receive a $500 federal match.

Contribute $2,000 → potentially receive the maximum $1,000 match.

A qualifying married couple could potentially receive up to $2,000 combined.

But there is a catch. Your eligibility depends heavily on your income and filing status.

For 2027, the full 50% match applies generally at MAGI of:

• Married Filing Jointly: $41,000 or less
• Head of Household: $30,750 or less
• Single or Married Filing Separately: $20,500 or less

The match gradually decreases above those amounts and completely phases out at $71,000 for married couples, $53,250 for Head of Household, and $35,500 for Single or Married Filing Separately.

This is not a check mailed to you and it is not simply another tax refund. The money is generally deposited directly into an eligible retirement account.

You will make qualifying contributions beginning in 2027 and claim the Saver’s Match when you file your 2027 tax return in 2028.

The IRS is already notifying millions of potentially eligible taxpayers about the program.

This could be a very good retirement planning opportunity for working families and lower to moderate-income taxpayers, but you need to understand the rules before assuming you qualify.

The Tax Shop will be watching the IRS guidance closely and helping our clients take advantage of it when it becomes available.

THE TAX SHOP MOULTRIE, INC.
Helping you keep more of what you earn and plan for what comes next.

10/09/2026

If you have review Trump Accounts...good. If not read these important tips.

If you have not looked into Trump accounts, do not put it off. Here are some tips.

10/07/2026

10/07/2026

Now is the time to visit your tax obligation. Here are some areas worth your attention.

Fall is now upon us meaning there are only three months left to consider making smart moves to manage your tax obligation. With this in mind, why not review the tips included here to see if there is an area or two worthy of your attention. Plus consider a deeper dive into the long held idea of creat...

10/02/2026

Here are key happenings and announcements from the IRS that you should understand.

Here are recent changes as announced by the IRS that will impact most of us.

09/25/2026

If you're an independent contractor, don't forget to plan for and pay your taxes. Here are some of the basic rules you need to understand.

Get this wrong and it could cost you and/or your employer. Are you a contractor or an employee?

09/21/2026

IRS warns that “Tribal Tax Credits” are fictitious

Status: Enforcement warning, not a new credit or legitimate planning technique.

Promoters are selling purported “Tribal,” “Native American” or “Sovereign Tribal” tax credits. The IRS states plainly that no such federal credit exists. Acceptance of a return or issuance of a refund does not validate the claim.

Red flags include discounted credit purchases, unverifiable legal opinions, secret government agreements, pressure to act quickly and nondisclosure agreements. Claims can produce tax, penalties, interest and possible civil or criminal exposure. IRS enforcement warning⁠

09/18/2026

Tax savings ideas still abound. Here are some to consider if you wish to retire early.

The federal government needs all its citizens to plan for a financially secure retirement. In an effort to assist in planning for retirement, there are a number of provisions in the tax code that benefit seniors. Are you aware of them and using them to your advantage?

09/11/2026

Create a list of tax forms you expect to receive. Then check them off as you receive them to make sure none of them are missing.

Every year you receive information tax forms, including W-2s, 1098s, and 1099s. If you fail to receive a form, you are still liable for the tax it creates. Here are some tips to avoid this possible audit risk.