1st Class Empire, LLC Multi Services

https://www.nextgov.com/modernization/2026/03/irs-move-away-paper-checks-has-delayed-tax-refunds-nearly-15-million-americans/412499/

IRS’ move away from paper checks has delayed tax refunds for nearly 1.5 million Americans Other government agencies are also moving away from paper checks. The Social Security Administration has warned claimants still receiving their benefits via paper checks that their benefits could be disrupted.

The IRS Tax Withholding Estimator now includes changes for credits and deductions allowable under the One, Big, Beautiful Bill. This includes no tax on tips, no tax on overtime, deductions for seniors and other OBBB tax benefits.

Businesses and individual taxpayers can use the tool to determine withholding adjustment needs based on multiple jobs, income and dependent information provided. Taxpayers can access the tool without login requirements or providing personally identifiable information.

Taxpayers are encouraged to use the tool if they experienced any of the following: more than one job or working spouse, major life changes, claims of certain credits, itemized deductions, receipt of income with no tax withheld or owe taxes or receipt of larger than expected refund during most recent filing season.

The tool also helps taxpayers complete the new Form W-4, Employee's Withholding Certificate or Form W-4P, Withholding Certificate for Periodic Pension or Annuity Payments to submit to their employer or pension provider if changes are recommended.

*from

Internal Revenue Service | An official website of the United States government Pay your taxes. Get your refund status. Find IRS forms and answers to tax questions. We help you understand and meet your federal tax responsibilities.

🚨TAX DEADLINES YOU NEED TO KNOW FOR 2026 🚨
Tax season is not over just because you filed… there are multiple deadlines people forget every year 👀💰

Here’s a quick breakdown so nobody says they didn’t know ⬇️

📌 April 15, 2026 - (this is not last day)
✅ Last day to file your personal tax return (1040)if u OWE w/o penalties
✅ Last day to file an extension (Form 4868)
⚠️ Extension gives you more time to FILE… NOT more time to PAY

📌 October 15, 2026
✅ Deadline if you filed an extension
🚦 Last day to e-file

📌 Estimated Taxes Due (Self-employed / 1099 / business owners)
💰 April 15
💰 June 15
💰 September 15
💰 January 15

📌 Business Returns Deadlines
📊 March 16 – S-Corp & Partnerships due
📊 April 15 – C-Corp due
📊 September 15 – Extended S-Corp / Partnership due
📊 October 15 – Extended C-Corp due

⚠️ Missing deadlines = penalties + interest
⚠️ Extension does NOT stop penalties if you owe
⚠️ Self-employed must pay quarterly

Taxes is not just filing one time a year… it’s year-round. 📑🔥

If you need help staying compliant this season, talk to a professional BEFORE the deadline hits.

Office closed until April 6 for
winter/spring break.

Virtual services WILL continue to be available for filing.

Tax preparers under this umbrella are independent contractors.

When hiring tax prep services with others and not the owners, THOSE contractors are providing services to you; not the company with whom they are utilizing software.

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 income when filing. Deductions lower the taxable income resulting in lowering the federal income tax obligation.

New deductions for 2026 filing season

Seniors age 65 and older may be eligible to claim an additional $6,000 deduction
Tipped workers may be eligible to deduct up to $25,000 for qualified tips
Individuals may be eligible to deduct up to $12,500 ($25,000 for joint filers) for qualified overtime
Individuals may deduct up to $10,000 in qualified passenger vehicle loan interest
All new or enhanced deductions are available for both itemizing and non-itemizing taxpayers. Each of these deductions phase out based on income level for individual and joint filers and have specific eligibility requirements. This information can be found on the One, Big, Beautiful Bill provisions page for individuals and workers.

- From the desk of the IRS

From the desk of the IRS:

If you claimed the Earned Income Tax Credit or the Additional Child Tax Credit and are wondering where your refund is, don’t panic. You can expect to get your refund by March 3 if:

• You filed your return online
• You chose to get your refund by direct deposit
• We found no issues with your return

However, some taxpayers may see their refunds a few days earlier. Check Where’s My Refund for your personalized refund date. Visit here for more info:

When to expect your refund if you claimed the Earned Income Tax Credit or Additional Child Tax Credit | Internal Revenue Service Find out when to expect your refund if you claim the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC).

DID YOU KNOW :

The Internal Revenue Service (IRS) recognizes that obesity is a disease, and certain expenses related to obesity treatments can qualify as tax-deductible medical expenses.According to IRS guidelines, eligible expenses may include: Doctor visits, nutritional counseling, bariateic surgery, Prescription medications for obesity. Only unreimbursed out of pocket medical expenses (expenses not covered by your insurance) can be tax deductible.
This is important as many insurances don't cover out of network obesity doctors nor obesity medications.

To qualify for the medical tax deduction, you must satisfy the necessary criteria set by the IRS. One of the most important requirements is that the cost of medical care should be more than 7.5% of your adjusted gross income (AGI). For instance, if your income is $60,000, your obesity medical expenses should be more than $4,500, 7.5% of $60,000, to qualify for a tax deduction.

CC:

Box 14 on ur w2 that says OTP is the overtime premium amount you worked for the year that is able to be claimed per OBBB.

If you worked OT and it isnt in box 14, ur last check stub is needed to calculate what you qualify for.

From the desk of IRS:

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 assets using a broker might receive a new Form 1099-DA from those brokers.

Examples of digital assets include

Convertible virtual currencies and cryptocurrencies such as :
Bitcoin
Stablecoins
Nonfungible tokens

Brokers must send taxpayers a copy of the same information they report to the IRS on Form 1099-DA by Feb. 17,2026. These are different from some other tax statements taxpayers may receive.

Most of these statements will not include the basis for DA transactions in 2025 and taxpayers will have to calculate basis to determine their gain or loss.

The IRS officially opens today!
We ARE Open