Jiffy Tax LLC

02/21/2026

Jiffy Tax continues to pursue expansion and seeks a qualified assistant with opportunities for advancement.

02/15/2026

Important Tax Season Reminders 📨 A few key points to consider before inquiries about refunds commence.

Taxpayers, your preparer is responsible for handling the preparation and submission of your return. Once submitted and accepted by the IRS, all processing-related questions should be directed to the IRS, not your tax office. If your preparer provides updates on IRS processing, it's a courtesy, not an obligation. You're not entitled to harass your preparer, attribute IRS delays to them, or make them accountable for your financial hardships. Reading transcripts, estimating deposit dates, or determining the cause of update delays falls under IRS processing and is beyond the scope of tax preparation services. Contact your preparer only for return errors, new documents requiring amendments, questions about your return, issues with deposit postings, or audit notices. Identity verification is random and not influenced by the preparer or income level, aiming to prevent fraud. Most tax preparers receive payment only after your refund is funded, making it in our best interest for returns to process efficiently. Let's maintain a professional and respectful demeanor this tax season.

02/05/2026

What to Expect if Direct Deposit Information is Missing from Your 2025 Tax Return.

If a tax return does not include direct deposit information, the IRS has established procedures to handle the situation. Following the President's Executive Order 14247, the government aims to transition towards electronic payments, phasing out paper checks for individual taxpayers starting September 30, 2025, with limited exceptions. According to the IRS website, taxpayers who do not provide direct deposit information may experience delays in their refund processing. Here's what you can expect: The IRS will accept and process tax returns without direct deposit information, but refunds might be delayed. When filing electronically, taxpayers may receive an alert about missing banking information. For those with missing direct deposit details, the IRS will send a letter requesting banking information or an explanation. A CP53E notice will be mailed, requiring a response within 30 days. Taxpayers can update their information using the IRS Individual Online Account. If there's no response within six weeks and no other issues with the return, the refund will be released as a paper check. Providing direct deposit information is voluntary, but it ensures faster and more secure refund delivery.

Pay your taxes. Get your refund status. Find IRS forms and answers to tax questions. We help you understand and meet your federal tax responsibilities.

02/03/2026

Part 2: Discussion on One of the Largest Tax Scams Often Overlooked

A significant indicator of questionable tax preparation practices is charging fees contingent on the refund amount received.

If a tax preparer utters phrases such as:
• “My fee will be a percentage of your refund”
• “The larger the refund, the higher the fee”
• “You don’t pay unless I secure a refund for you”

This signifies not expertise, but rather an incentive to manipulate figures.

Reputable tax professionals charge a fixed fee based on:
The complexity of the tax return
The number of forms required
The time and liability involved

Rather than the amount of money refunded.

Furthermore, refund-based pricing tends to target individuals with limited tax knowledge, including first-time filers, low-income households, independent contractors, immigrants, and those who are advised to trust the process without question.

This discussion will elucidate how this pricing model negatively impacts taxpayers and the rationale behind its existence.

02/03/2026

Important Update: USPS Changes May Impact Tax Return Filing and Payment Deadlines. Recently, the United States Postal Service (USPS) clarified its postmarking procedures on its website, USPS.com, effective as noted in a January 2, 2026, posting. Although the USPS is not altering its postmarking practices, changes in transportation operations may cause some mail to miss the same-day postmarking. According to the USPS posting, postmarks are applied by machines at processing facilities and typically bear the facility's name or location and the date of the first automated processing operation. However, due to transportation adjustments, the postmark date might not match the date when the mailpiece was collected or dropped off. Taxpayers can ensure timely postmarking by visiting a USPS retail location and requesting a manual postmark, which is provided free of charge. To avoid potential issues with tax return filings and payments, consider the following options: (1) file and pay electronically using tax preparation software, IRS.gov, or DirectPay; (2) mail documents well in advance of deadlines; (3) request a manual postmark at a USPS office; or (4) obtain a Postage Validation Imprint (PVI Label) at a USPS retail location, which indicates the date of acceptance.

01/16/2026

STUDENT LOANS IN DEFAULT? READ THIS NOW 🚨
Before the IRS officially opens tax season, log into studentaid.gov and check your loan status. If your student loans are in default, your tax refund is at risk once the Treasury Offset Program kicks in. This isn’t opinion. This is federal law. The fix…..You still have time to stop the offset by getting those loans out of default NOW. Rehab, consolidation, or enrolling in an eligible repayment plan can protect your refund if handled before processing starts. Waiting until after filing is too late. Waiting until the refund is gone is worse. Contact a credit counselor for a step-by-step guide on how to put your loans in default. Protect your money before the IRS opens.

01/14/2026

If TurboTax or CreditKarma works for you, use it 📲. Nobody is stopping you. I will always support self sufficiency. However, do not assume that tax preparation apps guarantee refunds. The IRS determines refunds, not the software. Receiving a substantial refund annually does not necessarily indicate superior tax preparation; it often means you overpaid throughout the year. Tax professionals expect fair compensation for their expertise, the liability they assume, and the identification of credits and deductions that apps frequently overlook. Use the method that works best for you 💯.

01/12/2026

Let's discuss the reasons why a Roth Individual Retirement Account (IRA) is widely popular and why it may be a suitable option for you.

A Roth IRA offers portability, as it is not tied to your employer. This means you are not required to maintain employment with a specific company to retain your account. You have the flexibility to open an account through a brokerage firm, link your bank account, and initiate contributions with an amount that aligns with your financial situation. You can contribute monthly, weekly, or at a frequency that suits you.

Over time, your investments will grow, and when you withdraw the funds, you will not be required to pay taxes on the growth. This is why many individuals utilize a Roth IRA as a reliable, long-term investment strategy for their future.

This is a prudent financial decision that may not yield immediate results but will ultimately prove beneficial in the long run.

01/12/2026

01/12/2026

Let’s Discuss the New Trump Account🎉

The U.S. Department of the Treasury will provide a $1,000 contribution for U.S. citizens born after December 31, 2024, and before January 1, 2029, if the authorized individual elects to receive the payment.

Trump Account Contributions

No contributions to Trump accounts are permitted prior to July 4, 2026. During the growth period, there are five types of Trump account contributions:

A program contribution of $1,000 for an eligible child.
They are excluded from income and do not create basis in the account.
This contribution is not subject to an annual contribution limit.
Qualified general contributions, which are contributions by states (or political subdivisions thereof), the United States, the District of Columbia, Indian tribal governments, or §501(c)(3) tax-exempt organizations for members of a qualified class of account beneficiaries. The U.S. Department of the Treasury will serve as the intermediary, depositing the offered funds into individual Trump accounts.
They are excluded from income and do not create basis in the account.
They are not subject to an annual contribution limit.
Employer contributions excluded from income under new §128.
They are excluded from income and do not create basis in the account.
They are subject to the $5,000 account contribution limit.
They are limited to $2,500 per employee and must be part of an established Trump account contribution program.
Qualified rollover contributions from another Trump account.
They are excluded from income and have a transferred basis from the prior account.
They are not subject to an annual contribution limit.
Qualified rollover contributions are not permitted after the growth period.
Contributions from other sources, including the account beneficiary, parents, or any other person.
They are excluded from income and create basis in the account.
They are subject to the $5,000 account contribution limit.
A Trump account remains a Trump account after the growth period, even though it is then subject to the general §408 IRA rules. An account initially established as a Trump account can never receive contributions under a SEP arrangement or SIMPLE IRA plan. A Trump account can never be aggregated with other IRAs when allocating basis related to a distribution from either the Trump account or another IRA.

Trump Accounts provide eligible American children with tax-advantaged investment accounts courtesy of President Donald J. Trump.

01/11/2026

Important Tax Reminder for Parents 🚨

Your child can file their own tax return, but it is crucial to exercise caution.

When a dependent files, there is a box that must be checked indicating that they "can be claimed by someone else."
If that box is not checked and they file first, it can block you from properly filing and claiming them later.

This is one of the many reasons why working with a tax professional is essential.

Here’s the bottom line 👇🏽
If your child is 18 or younger,
✔️ does not provide over 50% of their own support, and
✔️ lives with you more than 6 months out of the year,

👉 They are still your dependent. Period.

Many parents mistakenly stop claiming their kids simply because they turned 18 and want to "file on their own."
This can result in leaving money unclaimed.

They can file their own return, and you can still claim them — if they qualify.

Ensure you are receiving your rightful refunds… not forfeiting them. 💰

01/10/2026

Let's discuss tax preparation fees, as it is essential to understand what you are paying for before filing your taxes.

When you visit a tax preparer, you are typically presented with two options to pay for your tax preparation:

1. Pay Upfront

This means you pay before your return is submitted to the IRS. Most tax professionals accept various payment methods, including cash, credit/debit cards, Cash App, Zelle, and checks, depending on their setup.

✅ This is usually the more affordable option, as you are only covering the tax preparation fee and possibly one or two administrative fees.

💡 It varies by company, but this method avoids extra processing fees.

2. Pay From Your Refund

This means your preparation fee is taken out of your refund after it's issued.

Here's how it really works:

🧾 Your tax preparer does not directly handle your refund. Instead, a third-party bank manages the transaction. They collect the refund, pay your tax professional their fee, and then send the remaining amount to you.

However, be aware that:

💸 This option usually comes with additional fees, not just the preparation fee.

You will also pay fees to the bank, the software company, and any other service providers involved in your return, such as audit protection, document storage, or refund advances.

📌 If your refund is intercepted (for example, by the IRS or child support), and the tax professional does not receive payment, you are still responsible for covering their fee.

A few more things you should know:

• Tax preparation fees are not based on your refund size. It does not matter if you are receiving $100 or $10,000 back; you are paying for a service, not a percentage.

• You pay even if you owe taxes. There is still work involved in preparing your return, and that work deserves to be paid.

• Tax preparation fees are for tax preparation only, unless your preparer states otherwise.

If you need help with tax planning, audit support, filling out a W-4, writing letters, or calling the IRS, those are additional services and may come with additional charges.

💡 The bottom line is to know what you are paying for, ask your tax preparer upfront, and ensure you are clear on what is included and what is not.

✅ At Jiffy Tax, we are transparent about all fees, so you are never caught off guard.