JB Tax Accounting & Advisory

JB Tax Accounting & Advisory JB Tax was opened in 2013 by Jonathon Baugher. The business serves more than 500 individuals and 200 businesses

JB Tax was opened in 2013 by Jonathon Baugher a Carthage Alum and CPA.

Trump Accounts Under the One Big Beautiful Bill ActOBBBA created Trump Accounts, tax-advantaged investment accounts for ...
02/20/2026

Trump Accounts Under the One Big Beautiful Bill Act

OBBBA created Trump Accounts, tax-advantaged investment accounts for kids under 18. Eligible children receive a $1,000 federal seed, with up to $5,000 in annual contributions and tax-deferred growth starting July 2026. Read more below.

https://www.dbhwwealthpartners.com/blog/understanding-trump-accounts-under-theone-big-beautiful-bill-act?utm_campaign=Understanding+Trump+Accounts+Under+the%c2%a0One+Big+Beautiful+Bill+Act&utm_medium=email&utm_source=contacts:all&utm_content=blog+image+link&utm_term=FEB+2026&cmid=bf20a9cf-54f9-416e-8f62-0131523fb4cb

02/06/2026

New Tax Changes in 2026

Several new tax changes passed last year are now in place for your 2026 returns. Here are a few provisions that might make life more affordable for you and your family in this tax season:

Enhanced Standard Deduction
$15,750 for single filers
$31,500 for joint filers

No Tax on Tips
$25,000 maximum deduction
Phases out at $150,000 annual income

No Tax on Overtime
$12,500 maximum deduction for single filers
Phases out at $150,000 annual income

$6,000 Senior Deduction
Low- and Middle-Income seniors, 65+ are eligible
Eliminates tax liability for 88% of Social Security recipients

Permanent, Expanded Child Tax Credit
$2,200 per dependent child

Car Loan Interest Deduction
Up to $10,000 for qualifying, American-made vehicles

School Choice Scholarship Tax Credit
$1,700 tax credit for qualifying K-12 scholarship programs

01/09/2026

The IRS has announced that the 2026 tax-filing season for individual returns will commence on January 26th 2026, and end on April 15th. Electronic filing for business returns will begin earlier on January 13th at 9:00 a.m.

Address

6233 Durand Avenue Suite C
Racine, WI
53406

Opening Hours

Monday 10am - 5pm
Tuesday 10am - 5pm
Thursday 10am - 5pm
Friday 10am - 5pm

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