Genesis Accounting Solutions

https://www.cnbc.com/2025/11/12/tax-bomb-may-hit-some-student-loan-borrowers-in-2026-advocates-warn.html

'Tax bomb' worth over $10,000 could hit some student loan borrowers in 2026, senators and advocates warn A provision of the American Rescue Plan that excludes forgiven student loan debt from federal income tax is set to expire at the end of 2025.

https://www.cnbc.com/2025/11/13/401-k-contribution-limits-2026.html

IRS announces 2026 401(k) contribution limits, raises savings cap The IRS has announced higher 401(k) contribution limits for 2026. Here’s what savers need to know.

Thank you to all our Veterans. We appreciate you keeping our families and communities safe. Thank you also to our police, firefighters and EMTs for all that you do.

*Ask us about our 10% off 2025 tax preparation for veterans, EMTs, police and firefighters.

https://finance.yahoo.com/news/tax-refund-surge-coming-jpmorgan-113700564.html

A tax-refund surge is coming, JPMorgan strategist says — and it’ll shift US economy like a new round of stimulus checks Many taxpayers will pay more upfront and get a bigger refund in 2026.

https://apnews.com/article/irs-direct-file-not-available-2026-04f2d0c31bec80b55d122a0e76e08c36

IRS Direct File won't be available next year. Here's what that means for taxpayers The Trump administration has decided not to offer the IRS' electronic tax filing system for free next year, and its future is unclear.

https://www.usatoday.com/story/money/taxes/2025/10/13/federal-tax-extension-deadline-shutdown-october-15-2025/86681515007/

Is the federal tax extension deadline impacted by the shutdown? Don’t get your hopes up. The deadline to file taxes for those with federal extensions hits this week. Here's how the government shutdown affects it.

https://blog.taxact.com/government-shutdown-irs-tax-updates/

IRS Operations During the 2025 Government Shutdown: What It Means for Your Taxes The IRS continues processing returns and issuing refunds during the shutdown. Here’s what taxpayers need to know and why it’s business as usual.

IRS furloughs staff, closes most operations as shutdown enters second week In a message to employees posted on its website Wednesday, the IRS said most agency operations are closed. Employees had been kept on the job for five business days.

Now is the time to get your business finances in order. New clients receive a credit towards their 1st billing. If you are worried about tax time or proper financial reporting, contact us today!

Tax submission deadline for individuals is October 15th, 2025. If you are worried about taxes or getting your books in order and need a qualified professional, contact us today!

https://www.wisfarmer.com/story/opinion/2021/10/12/changes-have-been-made-economic-injury-disaster-loan-eidl/5906903001/

For business owners trying to get EIDL funds and those who have already received them, this article about the changes to the EIDL restrictions is worth the read.

Changes have been made to the Economic Injury Disaster Loan (EIDL) Earlier this month, the Small Business Administration announced major enhancements to the COVID Economic Injury Disaster Loan (EIDL) program.

Have you received the advance child tax credit for your dependents under 18? If not, here is an update about the portal and how to get it!

Child Tax Credit Update: A portal to update bank details and facilitate payments The United States' White House and Treasury Department have worked together with Code for America to launch a new online website through which Americans can apply for the expanded