Deborah McIntosh CPA

02/10/2026

If you are wondering where your refund is...

Some tax refunds may take a little longer, but the wait is worthwhile: If you claim certain credits, the is required to wait until mid-February to issue your refund. information can help you find out when you can expect your refund. Where's My Refund will show an updated status by February 22.

Find more information at www.irs.gov/refundtiming.

02/05/2026

The OBBBA has made some changes that help working taxpayers (OT deduction, tips deduction).

Child and dependent care credit has not increased for most taxpayers, other than the income threshold limit has been eliminated. There is no income limit for 2025. The amount of expense eligible is still a maximum of $3,000 per dependent, and the maximum of care expenses for 2 or more is $6,000.

09/23/2025

Here are details of tips that qualify for the tips deduction on your tax return.

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

05/19/2025

Opinion:
One of the campaign's promises that the President floated was no tax on tips. The budget bill is still being worked on and the particulars are not final, but the proposal I have read says that traditionally tipped employees would have a separate deduction from taxable income of up to $25,000. I am afraid that this only perpetuates the American tipping system which allows the minimum wage to stay unchanged and below poverty level. The state of Iowa hasn't changed the minimum wage rate since January 2008.

In addition, in Iowa employers are allowed a 40% credit on the minimum wage rate and are only required to pay $4.35 an hour-60% of the regular hourly minimum rate! And what is to stop patrons cutting back on the amount they consider appropriate to tip, should this "no tax on tips" become law! Tipped employees will become worse off and employers will gain little and perhaps lose good employees in an already difficult labor market. If you earn less tipping income, less tax on lower income is not going to improve your bottom line. And fewer good employees in the restaurant business makes dining out less enjoyable and less frequent and also has a negative effect on profitability in the restaurant business.

02/19/2025

https://www.journalofaccountancy.com/news/2025/feb/boi-injunction-lifted-fincen-promises-30-day-filing-delay.html
Don't wait for Congress, they haven't passed an extension. If you haven't already filed your BOI report, now would be a good time to get it done.

A court ruling means that millions of small businesses need to be prepared to file beneficial ownership information reports.

02/07/2025

Iowa is not included however, but 25 other states qualify.

File your taxes online – for free – with IRS Direct File. Eligible taxpayers in participating states have the option to file their taxes electronically, dire...

02/04/2025

You might be eligible.

Prepare and file your federal income tax return online for free. File at an IRS partner site with the IRS Free File Program or use Free File Fillable Forms. It's safe, easy and no cost to you.

02/04/2025

Misinformation posting by social media users is causing problems now for people who could file their own taxes direct to the IRS without paying high tax preparation fees.

Direct File was launched in 2024 to help Americans file their tax returns completely free of charge.