Tanner and Company

Ok this one comes up often for our clients! We are very excited to highlight the ability to change your withholding for SS on the website 👍👍👍

In case you didn't know! Returns can start to be filed next week! Key changes for individuals this year include:
- overtime deduction
- tips deduction
- increased state and local tax limit
- the additional senior deduction

Lots of great opportunities to lower your taxes!

IRS announces first day of 2026 filing season; online tools and resources help with tax filing | Internal Revenue Service IR-2026-02, Jan. 8, 2026 — The Internal Revenue Service announced Monday, January 26, 2026, as the opening of the nation’s 2026 filing season. This year, several new tax law provisions of the One, Big, Beautiful Bill become effective, which could impact federal taxes, credits and deductions.

Tax season is coming up, and we see the same things catch people off guard every year.

A few things you can do now that make a big difference later:
• Start a folder (digital or paper) for tax documents as they arrive
• Don’t panic if you’re still waiting on 1099s or K-1s — that’s normal
• Let us know if you had any big changes (new job, side income, home purchase, investments, new dependents)
• Check whether you made estimated tax payments — or should have
• Remember that filing an extension can be the right move when information is still coming in

Getting organized early usually means fewer surprises and a smoother filing process. If you’re not sure where to start, that’s exactly what we help with.

Learn more at TannerTax.com or reach out anytime.

Tanner & Company | Wheat Ridge Colorado | Tel: (303) 232-7390 At Tanner and Company, we prepare tax returns. That is all we do, and we do it well. We are fully interactive and completely electronic. We work by appointment only and generally stay on time. Call us today!

This is a very valuable tax credit! Make sure you are getting credit if you are eligible!

Working families know that the school day is shorter than the work day. If you need childcare to bridge the gap, you may be able to get a tax credit to help offset the cost. The Child and Dependent Care Credit is available to families who paid for the care of their child or other qualifying person so they could work or look for work. Our Interactive Tax Assistant on the website can help you figure out if you qualify.

Find more information at www.irs.gov/ita.

Are you prepared for tax season? 🗓️ Understanding your retirement account distributions is crucial for a secure financial future. Here are some key tips:

Know Your Options: Different accounts have varying rules. Familiarize yourself with IRAs, 401(k)s, and pensions.
Plan for Taxes: Distributions can impact your tax bracket. Consider the tax implications before taking withdrawals.
Withdrawal Strategies: Develop a strategy to minimize taxes and maximize your income. Think about timing and amount!
Consult a Pro: A financial advisor can help tailor a plan that fits your unique situation.
Start planning today for a stress-free retirement tomorrow! 💼