McGregor Tax & Accounting, Inc.

06/05/2026

Trump Account Update

05/20/2026

🚨 SCAM ALERT: Fake IRS CP53E Notices 🚨

We are seeing an increase in fraudulent “CP53E” notices being mailed to taxpayers. These notices may look official, but they are designed to steal your personal and banking information.

⚠️ Red flags include:
• Requests for immediate payment or personal information
• Threats or urgent language
• Incorrect contact information
• Links or QR codes directing you away from IRS.gov

The IRS will NEVER:
❌ Demand payment through gift cards, Venmo, Cash App, or cryptocurrency
❌ Threaten immediate arrest
❌ Ask for sensitive information by text, email, or social media

If you receive a CP53E notice — or any IRS letter you are unsure about — do NOT respond before verifying it.

📞 Contact our office and we will help you determine whether the notice is legitimate.

Protect yourself and share this post to help others avoid becoming victims of tax scams.

04/14/2026

The IRS doesn't want paper checks anymore and we agree; paying electronically is best. 2025 balances due and first quarter estimates are due tomorrow, April 15th.

To pay IRS online click here:
https://www.irs.gov/payments

03/28/2026

Tax season brings its fair share of stress—for taxpayers, tax professionals, office managers, financial advisors, and everyone in between. But moments like these remind us why we do what we do.

When a client walks in with a thoughtful basket of appreciation goodies, it truly makes our day and melts the stress away. We’re so grateful for the kindness and support of the amazing people we get to work with!

02/19/2026

🚨 **2026 Nebraska Tax Highlights: What You Need to Know** 🚨

Nebraska lawmakers have introduced several tax changes and proposals that could impact retirees, workers, and businesses. Here’s a simplified breakdown of the key highlights:

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👮‍♂️🔥 **Retired Law Enforcement & Firefighter Pension Exclusion (L.B. 930)**
Beginning in **2027**, qualifying retirees may subtract up to **$100,000 of retirement benefits** from Nebraska taxable income if they:
• Served full-time for at least 20 years
• Are age 60 or older
This could provide meaningful state tax relief for career public safety professionals.

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💰⏱️ **New State Tax Breaks for Tips & Overtime (L.B. 932)**
Starting in **2026**, Nebraska plans to allow state income tax subtractions for:
• **Tips:** Up to $25,000 per year
• **Overtime Pay:** Up to $12,500 (single) or $25,000 (married filing jointly)
⚠️ These benefits phase out at higher income levels.

This aligns Nebraska with new federal provisions and could reduce state taxes for many service and hourly workers.

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📱 **Proposed Social Media Excise Tax (L.B. 1025)**
Beginning in **2027**, Nebraska may impose taxes on large social media companies based on the number of Nebraska users whose data they collect.
This targets large tech companies—not individual taxpayers—but may influence the broader business landscape.

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📈 **Proposed Employer Recruiting Credit (“Grow the Good Life Incentive”)**
Governor Jim Pillen has proposed a **10% tax credit for 10 years** for businesses that bring highly paid workers to Nebraska.
The goal: attract talent, grow businesses, and strengthen Nebraska’s economy.

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🏢 **Changes to Business Credits & Employer Incentives (L.B. 1165)**
Proposed updates include:
• Increased wage retention credit limits
• Expanded ImagiNE Nebraska Act incentives
• New grants to support major employers during ownership transitions

These changes aim to support business growth, retention, and job creation.

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✅ **What This Means**
Nebraska continues moving toward:
• Lower taxes on earned income (tips & overtime)
• Targeted relief for retirees
• Increased incentives for business growth and recruitment

Some provisions are effective soon, while others are still proposals.

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📌 As always, the real impact depends on your specific situation. If you have questions about how these changes may affect you or your business, feel free to reach out.

01/26/2026

**IRS e-file opens today… but that doesn’t mean it’s go time for everyone.**

Many federal and state tax forms are still in *draft* status, which means a lot of returns can’t be filed yet—even though e-file is technically open.

We’re watching for final form releases and will file as soon as it’s accurate and complete. Filing fast is good. Filing *right* is better. ✔️

01/21/2026

💡 The More You Know: State vs. Federal Tax Deductions

❓ *How will I know if my state conforms to the new federal deductions for overtime, tips, car loan interest, and seniors?*

Great question—and as with most tax answers, **it depends**.

📍 **Nebraska** is an **AGI state**, meaning Nebraska taxable income starts with your **federal Adjusted Gross Income (AGI)**.

Here’s the key point:
➡️ The new federal deductions for **overtime, tips, car loan interest, and seniors are taken *after* AGI**.

✔️ Because of that, these deductions apply **at the federal level only**
❌ They do **not** flow through to Nebraska taxable income

Understanding *where* a deduction falls on the tax return makes all the difference when it comes to state conformity.

Have questions about how new tax laws affect *your* situation? We’re here to help.

01/08/2026

IRS has announced that Monday, January 26th will be the opening day of the 2026 filing season.

IR-2026-02, Jan. 8, 2026 — The Internal Revenue Service announced Monday, January 26, 2026, as the opening of the nation’s 2026 filing season. This year, several new tax law provisions of the One, Big, Beautiful Bill become effective, which could impact federal taxes, credits and deductions.

01/02/2026

The IRS standard mileage rates for 2026, effective January 1, 2026, are as follows:

Business use: 72.5 cents per mile (an increase of 2.5 cents from 2025).

Medical and moving purposes: 20.5 cents per mile (a decrease of half a cent from 2025).

Charitable use: 14 cents per mile (unchanged from 2025).

12/29/2025

Year-end Odometer time, folks

It’s almost December 31st, and if you drive for business that means you need to make sure your mileage log is in order. MileIQ can help!