Recent News & Blog / Individual Tax
2025 Year-End Year-Round Tax Planning Guide
At SEK, we are dedicated to helping you maximize your income through a variety of tax-saving strategies. We are excited to share our 2025 Year-End Year-Round Tax Planning Guide, which includes:
How the Social Security Wage Base Will Affect Your Payroll Taxes in 2026
The 2026 Social Security wage base has been released. Let’s look at the tax impact on employees and the self-employed.
Could an HDHP Plus an HSA be a Financially Smart Health Care Option for You?
Health care costs continue to increase. One option that may help you save on health care costs is pairing a high-deductible health plan (HDHP) with a Health Savings Account (HSA).
The 2025 SALT deduction cap increase might save you substantial taxes
If you pay more than $10,000 in state and local taxes (SALT), a provision of the One Big Beautiful Bill Act (OBBBA) could significantly reduce your 2025 federal income tax liability.
Donate appreciated stock for twice the tax benefits
Saving taxes probably isn’t your primary reason for supporting your favorite charities, but tax deductions can be a valuable added benefit. If you donate long-term appreciated stock, you could potentially save even more.
Making the most of the new deduction for seniors
For 2025 through 2028, individuals age 65 or older generally can claim a new “senior” deduction of up to $6,000 under the One Big Beautiful Bill Act (OBBBA). However, an income-based phaseout could reduce or eliminate your deduction.
Big changes coming: Paper checks for federal tax payments ending
Earlier this year, President Trump signed an Executive Order that will significantly change how taxpayers receive refunds and make payments to the federal
5 potential tax breaks to know before moving a parent into a nursing home
Approximately 1.3 million Americans live in nursing homes, according to the National Center for Health Statistics. If you have a parent moving into one, taxes are probably not on your mind. But there may be tax implications.
Understanding the most common IRS notices
For many taxpayers, receiving a letter from the IRS can feel intimidating. The envelope arrives with the IRS seal, and immediately, worry sets in: Did I make a mistake? Am I in trouble?
The power of catch-up retirement account contributions after 50
Are you age 50 or older? You’ve earned the right to supercharge your retirement savings with extra “catch-up” contributions to your tax-favored retirement account(s).