We specialize in bookkeeping, payroll, income tax return preparation, and retirement planning, and serve a nationwide clientele consisting of individuals and businesses of all types and sizes (LLC, partnerships, C & S Corporations), as well as trusts and estates. As financial problem solvers, we provide practical advice and proactive solutions with personalized service. We are affordable, experienced, and friendly, and we tirelessly study and research the ever-changing world of tax law and regulation so that we can help every client realize the greatest possible savings and return on investments. Our office is conveniently located in Dover, Delaware. Please contact us today to find out more about how we can make YOUR life less taxing!Tax
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๐ช๐ต๐ ๐ฑ๐ถ๐ฑ๐ป'๐ ๐ ๐ด๐ฒ๐ ๐๐ต๐ฒ ๐ณ๐๐น๐น ๐๐๐ฎ๐๐ฒ ๐๐ฎ๐
๐ฑ๐ฒ๐ฑ๐๐ฐ๐๐ถ๐ผ๐ป ๐ถ๐ณ ๐๐ต๐ฒ ๐น๐ถ๐บ๐ถ๐ ๐๐ฒ๐ป๐ ๐๐ฝ?
The short answer: Income phaseouts.
While the 2026 SALT cap jumped to $40,400, once your income passes $505,000, the IRS gradually scales that write-off back down to $10,000.
3 quick ways to keep your write-offs:
1. Max out pre-tax retirement contributions before Dec 31.
2. Harvest capital losses to offset gains and trim your adjusted income.
3. Map out a strategy before this higher cap resets in 2030.
Want to see if itemizing makes sense for you this year?
Comment ๐ฃ๐๐๐ก below to get something scheduled.
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How many of your receipts are currently:
๐ In your wallet
๐ In your car
๐ฆ In a random drawer
๐ฑ Or buried in your camera roll?
No judgment, we've seen it all!
What if we told you there's an easy way to keep track of those?
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๐๐ผ๐ ๐ฐ๐ฎ๐ป ๐ ๐ฎ๐ฐ๐๐๐ฎ๐น๐น๐ ๐๐๐ฒ ๐๐ ๐ถ๐ป ๐บ๐ ๐ฏ๐๐๐ถ๐ป๐ฒ๐๐ ๐๐ถ๐๐ต๐ผ๐๐ ๐ฟ๐ถ๐๐ธ๐ถ๐ป๐ด ๐บ๐ ๐ฐ๐ฎ๐๐ต ๐ณ๐น๐ผ๐?
First, know where AI's capabilities end and where human oversight needs to take over. AI can be a great tool for improving efficiency, but it's best used to generate ideas.
Here are some other practical ways to safely use AI in your business:
โข Brainstorm service offerings, campaign ideas, and meeting agendas
โข Outline processes and identify operational inefficiencies
โข Draft marketing content, emails, and client communications
โข Streamline routine administrative tasks
๐๐ฉ๐ข๐ต ๐ฃ๐ถ๐ด๐ช๐ฏ๐ฆ๐ด๐ด ๐ต๐ข๐ด๐ฌ ๐ฉ๐ข๐ด ๐๐ ๐ด๐ข๐ท๐ฆ๐ฅ ๐บ๐ฐ๐ถ ๐ต๐ฉ๐ฆ ๐ฎ๐ฐ๐ด๐ต ๐ต๐ช๐ฎ๐ฆ ๐ฐ๐ฏ?
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First State CPAs & Associates |
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|
18 S. State St, Dover, DE 19901 |
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| (302) 736-6657 | |
| Business Hours | |
| January 1st January 31st | |
| MondayโFriday: | 8amโ5pm |
| Saturday & Sunday: | closed |
| February 1st April 15th | |
| MondayโThursday: | 8amโ6pm |
| Friday: | 8amโ5pm |
| Saturday: | By appointment |
| Sunday: | closed |
| April 16th December 31st | |
| MondayโThursday: | 8amโ5pm |
| Friday, Saturday & Sunday: | closed |