Mary Lew Kehm CPA

07/14/2026

Take an odometer reading now and one again at year end to be able to claim all of the business mileage you are entitled to.

Higher fuel prices prompted the IRS to raise the business, medical, and qualified moving rates for mileage on or after July 1, 2026.

06/29/2026

If you own a corporation in Pennsylvania, be sure you have filed your annual report by June 30. I have handled this for my clients, but if you want to be sure or need to file go to https://www.pa.gov/agencies/dos/programs/business/types-of-filings-and-registrations/annual-reports where there are instructions. LLCs are due 9/30. This annual reporting just began last year - it used to be every 10 years.

Annual Reports

06/05/2026

Be alert for scams. If you haven't already signed up for child born in 2025 or 2026 (once they have their Social Security Number) get on it.

02/03/2026

Did you buy a new car in 2025? If you financed it, the interest may be deductible -

02/01/2026

Do your accountant a favor and convert files to PDF format prior to uploading. And use their secure portal for anything with personal information.

01/22/2026

If you are planning to make a 2026 IRA or Roth IRA contribution, the limits have increased. Beginning in 2026, the IRA contribution limit is increased to $7,500 ($8,600 for individuals age 50 or older) up from $7,000 ($8,000 for individuals age 50 or older).

01/08/2026

I've seen a lot of "ads" and posts suggesting that you can get money by clicking on a link or filing with a certain preparer.

Those are either scams or misleading ads.

Right now, there are no stimulus checks, no tariff checks (including the $2,000 tariff checks that were proposed but not approved), and no early refunds (tax season has not yet opened).

Be smart. Don't fall for the nonsense.

If you have questions about whether something is legitimate, ask a trusted source.

12/31/2025

Happy New Year to all of my clients and friends. If you use a vehicle for business, remember to get an odometer reading December 31 (or as close as you can to the beginning of the year). The standard mileage rate for 2026 will be 72.5 cents per mile for business mileage.

11/26/2025

Reminder that if you do not itemize your deductions (most people do not), you may want to make your year-end charitable donations in January. In 2026 Married Filing Joint filers will be eligible for a $2,000 nonitemizer charitable deduction for cash/check/credit card gifts -- all other statuses will be eligible for $1,000. Since there is no deduction in 2025, if I normally give my church/charity $500 each December, I would only get a $500 deduction for 2026. If I give my December contribution in January, I can deduct $1,000 -- the January donation and the normal December donation.