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Educators may be able to claim 2 deductions for 2026 classroom expenses

Educators may be able to claim 2 deductions for 2026 classroom expenses

by Insight Accounting Group | Aug 31, 2026 | Taxes

Teachers and other educators often spend their own money on books, supplies, equipment and other classroom needs. For 2026, eligible educators may have two ways to deduct qualifying unreimbursed expenses. One deduction is available whether or not they itemize, and a...
Sometimes how much is in tax-deferred retirement accounts may be too much

Sometimes how much is in tax-deferred retirement accounts may be too much

by Insight Accounting Group | Aug 31, 2026 | Taxes

Contributing as much as possible to tax-deferred retirement accounts such as traditional 401(k)s and IRAs is a common recommendation. Contributions generally are pretax or deductible, and the power of tax-deferred compounding can help turbocharge growth. But some...
Be tax-smart with your mutual fund investments

Be tax-smart with your mutual fund investments

by Insight Accounting Group | Aug 10, 2026 | Taxes

Mutual funds offer an easy way to invest in a diversified portfolio compared to buying individual stocks and bonds. But the tax treatment of mutual funds isn’t so simple. How are mutual funds taxed? If you sell appreciated mutual fund shares, the resulting profit will...
How what you donate impacts your tax deductions

How what you donate impacts your tax deductions

by Insight Accounting Group | Jul 28, 2026 | Taxes

Have you already made contributions to charity this year? Are you considering making more between now and year end? If so, it’s important to be familiar with the tax rules for different types of donations so you can maximize your tax benefit — or at least avoid...
Protect yourself from fraudsters impersonating the IRS and other tax scams

Protect yourself from fraudsters impersonating the IRS and other tax scams

by Insight Accounting Group | May 29, 2026 | Uncategorized

Tax scammers continue to target taxpayers through email, text messages, phone calls and regular mail. They often try to create urgency or fear to trick victims into sharing sensitive information or sending money. The IRS warns taxpayers to remain cautious because...
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Recent Posts

  • Educators may be able to claim 2 deductions for 2026 classroom expenses
  • Sometimes how much is in tax-deferred retirement accounts may be too much
  • Be tax-smart with your mutual fund investments
  • How what you donate impacts your tax deductions
  • Protect yourself from fraudsters impersonating the IRS and other tax scams
  • Don’t miss your opportunity to make a 2025 IRA contribution — whether you can deduct it or not
  • It’s your last chance to claim these clean energy tax breaks
  • Parents: Claim all the tax credits you’re entitled to
  • If you’re married, should you file jointly or separately?
  • How the new Trump Accounts for children will work
  • January Reminder: 2025 1099 Filing — Action Required
  • A new year means new tax figures for individuals
  • Important Year-End Update: New Overtime Reporting
  • How Donor-Advised Funds Can Help You Give — and Save on Taxes
  • What OBBBA Means for Your Charitable Deductions
  • Prepare Your 2025 1099 Information
  • New itemized deduction limitation will affect high-income individuals next year
  • Did You Incur a Casualty Loss
  • Prepare Your 2025 1099 Information
  • Upcoming Office Closures & System Upgrades
  • Changes to QuickBooks Desktop Support
  • Beware of Misleading Business Entity Report Mailings
  • Teachers and others can deduct eligible educator expenses this year — and more next year and beyond
  • Key Business Changes Under OBBA
  • The next estimated tax payment deadline is coming up soon

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