Recent News & Blog / Individual Tax
Have You Used Up Your 2025 FSA Funds?
If you have a flexible spending account (FSA) through your employer to help pay for health or dependent care expenses, now is a good time to check your balance.
High-Income Individuals: New Itemized Deduction Limitations Are Coming Next Year
Beginning in 2026, taxpayers in the top federal income tax bracket will see their itemized deductions reduced.
2026 Cost of Living Adjustments
The IRS recently released the 2026 Cost of Living Adjustments for retirement plans and related items. These updates reflect changes designed to help individuals keep pace with inflation and maximize their savings opportunities.
Shift Income to Take Advantage of the 0% Long-Term Capital Gains Rate
Are you thinking about making financial gifts to loved ones? Would you also like to reduce your capital gains tax? If so, consider giving appreciated stock instead of cash.
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.