Acorn Tax Services

08/04/2026

We stand with Beavers Mini Mart!

04/15/2026

Happy Tax Day, everyone!
As we draw this season to a close, we want to thank you all for coming to us this year. We appreciate you.

The office will be closed April 16th-19th, and will be open again Monday the 20th.
If you are on extension and dropped off your information/documents, please be patient. We expect to get through the extension bucket in 3 weeks or so, and we will let you know when you're ready.
Have a legendary day!!!

Send a message to learn more

03/04/2026

Good day everyone!

We just wanted to give you a heads up. The IRS is having a few problems correctly processing some of the new deductions.
They've changed a few refund amounts for the worse on their end, and we're fighting on our clients' behalf. If you receive a letter from the IRS claiming your return is incorrect, it is imperative you contact us.
While it's always possible Dave can make a mistake (ah, the joys of being a human), it's far more likely the IRS has made it. (ah, the joys of computer driven automatic audits)
We just helped a client recover approximately $6500 on an IRS error.

01/30/2026

Another tax explainer! What about this “No Tax On Tips” deduction?
I'm glad we imagined you asking.

This is another “above the line” deduction. Your tips amount will show up on the W2 in box 7. That amount will most likely be deducted from taxable income, given some rules.

If you make more than $140k, there's a phaseout.
If you have more than $25k in tips, well, you're only deducting the first $25k. So if you had a lottery winner hit you with a big tip, we're sorry to say you're still on the hook for taxes over $25k.
If you're married filing separately, this deduction is left on the table. It's worth doing some math to see if jointly works better now, even for those paying off student loans.
Currently, it looks like this deduction will be with us for 3 years.

Most of you should have W2's in hand, so give us a call and get in here for your tax return!

01/26/2026

We will be closed on Monday, January 26th.

01/14/2026

Good day to you all! It's time for our first explainer before tax season gets rolling.
Today, we're going to talk about the No Tax On Overtime deduction, found on the new Schedule 1-A.

Did you work overtime this year? Did you get paid time and a half, or doubletime? This deduction might be a helper for you then.

This deduction is a bit misunderstood. The first thing to know is this: the deduction applies to the “and a half” part of time and a half. If you are paid $14 an hour, but $21 during your overtime, the deduction applies to $7 of the pay, not to all the money made past 40 hours.

Your employer should calculate the amount of overtime pay that qualifies, and it will be reported on your W2. We're told this will be in box 14 of the W2, though form input we're seeing implies it might be a subset of box 1, so look closely at your W2 if you expect overtime reporting.

If you're married, you must file jointly to use the deduction. There's a cap on income to use the deduction as well, 150k for singles and 300k for married filing jointly.

There is also cap on the deduction itself: $12,500 single and $25,000 married. If you made more than that in overtime, you're capped out. Also, you likely need a vacation.

That's the short story version, let us know if you have questions. We'll see you soon!!

Edit: I used the word "credit" instead of deduction a couple times, and have edited the post accordingly. I should not type explainers before morning coffee.

01/05/2026

Happy New Year, everyone!
There are a lot of tax changes this year, and we're getting ready to guide you through them. We'll have a series of posts as we get ready for tax season. Here's a brief overview of what's on deck:

USPS is no longer postmarking when things are received, but when they are sorted. This means you will want to send your check to them a week before April 15th, or pay online.

The IRS is no longer sending paper checks. This change took place is September of '25. When you come to us this year, bring your bank account info (routing and account number) for direct deposit.

The No Tax On Overtime credit is named in a very misleading way, and may be the most misunderstood (though still beneficial) changes in the code. We'll give you an explainer post in the coming days.

The No Tax On Tips credit is also misleading, and we'll have an explainer here soon.

Anybody hear about the No Tax On Car Loan Interest credit? IF you bought and financed a new car (dealership new, not just new to you) assembled in the US, then you will want to get the documentation before you see us for interest paid on the loan.

No tax on social security? Well, not exactly, but there's an enhanced deduction for seniors that may erase any tax on your benefits.

Schedule A might be back on the table for you. The $10k cap on state and local tax has gone up to $40k, so it's worth looking at this year.

Depreciation has changed again, bringing back the section 179 "bonus" ability, instead of being shackled to a max of 40% (and dwindling) of the asset value. We're back to 100% being on the table.

Mileage is up to 70 cents...if you are a business owner or farmer, make sure you dust off that mileage log.

There's more than that, of course, but those are your highlights. We're looking forward to working with you again this tax season!!!

04/15/2025

And that's a wrap on the 2024 tax season! We will be taking a few days off and will be back in the office Monday, April 21st.

Thank you for supporting our family-run business!

04/01/2025

Only 2 weeks left to file your 2024 tax return.

You can drop off your materials anytime during our business hours.

If you need an extension, give us a call today!