Blog | Catalano, Caboor & Co. CPAs

Tax credits and deductions for education

The costs for continuing education can add up quickly and get expensive. There are several tax benefits such as credits and deductions that can help e...

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Taxpayers could see a change in their 2025 tax bill or refund

New deductions have been added, and certain credits have been updated. Some of these changes are retroactive to the start of 2025, which suggests that...

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Taxpayer Bill of Rights: Taxpayers have the right to pay no more than the correct amount of tax

Taxpayers have 10 rights which make up the Taxpayer Bill of Rights. One of which ensures taxpayers have the right to pay only the amount of tax legall...

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2026 filing season updates and resources for seniors

There are some changes for the 2026 tax filing season that people who are 65 years of age and older should be aware of. The most recent being the enha...

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When to expect your refund if you claimed the Earned Income Tax Credit or Additional Child Tax Credit

By law, we can’t issue EITC or ACTC refunds before mid-February. This includes your entire refund, not just the part that’s related to the credit you...

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New and enhanced deductions for individuals

There are several new tax deductions that have been introduced for the 2026 filing season. A deduction is an amount subtracted from the taxpayer’s inc...

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Tax credits for individuals

A tax credit reduces the amount a person owes in income taxes dollar-for-dollar. Some tax credits are even refundable, meaning if a person's tax bill...

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Modernizing Payments To and From America’s Bank Account

These changes apply to: Made to federal government: tax balances due, fees, penalties, and other payments from individuals, businesses, nonprofit orga...

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Reminders for taxpayers about digital assets

Taxpayers are starting to receive their 2025 tax documents, such as W-2s, Forms 1099 or other income documents. People who sold or disposed of digital...

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Online tools and resources available for 2026 tax filing season

The IRS reminds business and individual taxpayers of new tax law provisions of the One, Big, Beautiful Bill could impact federal taxes, credits and de...

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One, Big, Beautiful Bill: How to take advantage of no tax on tips and overtime

Millions of taxpayers reported earning tips and overtime on their tax returns, many of them are veterans and people working in lower wage jobs. This r...

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Enhanced tax incentives for Qualified Opportunity Zone investments in rural areas

Recent changes to Qualified Opportunity Zones enhance tax incentives for taxpayers who invest in rural areas. Investments in QOZs ultimately help impr...

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Next steps to Get Ready for 2026 tax filing season

Monday, Jan. 26, 2026, is opening day for the 2026 tax filing season. This is when taxpayers can begin filing their 2025 federal tax returns. Here are...

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When preparing to file taxes, keep an eye out for scams

Tax season is a busy time for criminals too as they ramp up efforts to trick people into sharing sensitive personal information. Identity thieves migh...

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The Taxpayer Bill of Rights: Providing fundamental protection for all taxpayers

By law, all taxpayers have fundamental rights when they're interacting with the IRS. It's important that all taxpayers know and understand their right...

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