228 Park Ave S. #94676, New York, NY 10003-1502

(212) 381-3111

Track Your Refund

Pay My Invoice
Client Portal

Author: Damon Delcoro

Accounting News

Tax Planning After the Loss of a Spouse

The death of a spouse is, first and foremost, a profound personal loss with intense emotional and psychological impact. But it can also bring about major financial changes at a difficult time. One that many…
Continue Reading
Accounting News

After-tax-day tips

It’s never too early to organize your tax documents With the April 15 tax filing deadline in the rearview mirror, you’re likely to turn your attention to other things. But before you do, it’s in your…
Continue Reading
Accounting News

Why Now Is a Good Time to Review Your Withholding

Filing your 2025 federal income tax return can provide valuable insights to help with 2026 tax planning. For example, if you receive a large refund or owe significant taxes for 2025, you can benefit from…
Continue Reading
Accounting News

4 Types of Deductible Interest Expense for Individuals

How can you deduct interest expense on your 2025 individual federal income tax return and beyond? Let us count the ways. Although personal interest expense isn’t deductible in general — for example, you can’t deduct…
Continue Reading
Accounting News

New provisions for 2026 may affect your tax planning

Tax law changes under the One Big Beautiful Bill Act require you to revisit (and potentially revise) your 2026 tax strategies The many tax-related provisions that went into effect last year after the One Big…
Continue Reading
Accounting News

What Parents Need to Know About the Kiddie Tax

If you’re a parent of minor children or of one or more college students, you’re likely thinking about them as you prepare to file your 2025 federal tax return or begin tax planning for 2026.…
Continue Reading
Accountant Near Me

Are You Up to Speed on the Auto Loan Interest Deduction?

The One Big Beautiful Bill Act (OBBBA), enacted in the summer of 2025, includes a new temporary federal income tax deduction for auto loan interest. On January 2, 2026, the IRS published in the Federal…
Continue Reading
Accounting News

Deducting Personal Theft Losses Will Soon Get a Little Easier

If you’re unlucky enough to suffer a personal theft loss, you may be entitled to a federal income tax deduction. Or you may not. The rules are complex, but there’s some good news: Last year’s…
Continue Reading
Accounting News

Are You Ready for the New Roth Catch-Up Contribution Rules?

Catch-up contributions have long been a way for taxpayers to put more dollars into their retirement accounts as they get older. But the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act, enacted in…
Continue Reading
Accounting News

Guidance on calculating tips and overtime deductions for 2025

The One Big Beautiful Bill Act (OBBBA) creates new income tax deductions for tax years 2025 through 2028 for qualified cash tips and overtime compensation. If you receive tips or overtime pay, you likely have…
Continue Reading

Newsletter Signup

Click here

There is a brief form at the bottom of the newsletter page where you can submit your email address to receive the latest accounting news as it breaks.

Services

Quick Links

Contact

Google

© All rights reserved, Romano & Associates