Summit Financial Solutions

Explore the potential of your financial journey with Summit Financial Solutions. Our expert tax services are just one click away on our website. Step into a world of financial clarity and empowerment. Visit now and start making informed decisions.

http://summit-financialsolutions.com

https://summit-financialsolutions.com/blog/f/2025-irs-tax-update-on-overtime-explained

2025 IRS Tax Update on Overtime Explained For the 2025 tax year (returns filed in 2026) the IRS allows many workers to deduct qualified overtime compensation from their federal income tax — meaning that portion is not included in taxable income when filing.

Please. 🤗

Keeping well-organized records can make it easier to prepare your tax return this filing season. Accurate records may help you find overlooked credits and deductions or avoid errors that may result in delays that slow your refund. for tax filing season by checking twice for all your documents before you file.

Learn more: www.irs.gov/getready

Own a vacation home? If you rent it out, you must divide your expenses between rental use and personal use.

Visit https://ow.ly/s6tN50P1Jmz for more tax tips on rental income and recordkeeping.

Tax day!!!

reminds taxpayers who make quarterly estimated tax payments that their next due date is Thursday, June 15.

For more information visit: https://ow.ly/ZKr950OJCJZ

Know where you stand.

An Online Account is an easy and safe way to access details on your federal taxes. This tool allows you to check balance details, make payments, access your records and more.

Learn more at www.irs.gov/account.

It’s always better to just chat about your specific business needs, but here is a summary of services we offer and who we are. ☀️

Does your company need help with Employee Retention Credits (ERC)?
Give me a call.

GEORGIA TAX REBATE: People who filed tax returns in both 2021 and 2022 are eligible to receive the money. Taxpayers must file their taxes before they can get the refund. Single tax filers and married people who file separately will get $250.

Today is the day! Still haven’t filed? You may need to file an extension at this point.

Are Gofundme Donations Deductible??

It can be confusing because you may be doing a charitable thing on GoFundMe, but just because a gift is charitable doesn’t make it automatically eligible for tax relief. Donations to individuals are gifts, as opposed to specific 501(c) funds.