It’s late May 2026 and Michigan taxpayers continue to receive confusing “Notice of Adjustment” letters from the State of Michigan even after the Michigan Department of Treasury stated the issue had been corrected. Earlier this spring in April, Treasury acknowledged that an error affected adjustment notices tied to estimated tax payments and credit carryforwards. According …
If you placed a bet at MGM Grand Detroit, played a hand at FireKeepers, or fired up your sportsbook app during the Lions’ playoff run, here’s a tax change worth putting on your radar. Starting with the 2026 tax year, the rules around deducting gambling losses are getting a haircut, and the math may leave …
If you opened your mailbox and found a letter from the IRS labeled “CP53E” asking for your bank account information, there is no need to panic. The IRS has been sending these notices in large batches recently, and many taxpayers, including those who filed a balance-due return and already paid, are confused about why Uncle …
Glitch in Tax Payment Systems If your phone and inbox have been lighting up with Michigan tax notices lately, you’re not alone. And it’s still happening as of late May – you can read on our other update posting. There’s a growing issue with the Michigan Department of Treasury incorrectly flagging 2025 estimated tax payments …
The IRS Is Sitting on Your Money—Here’s the Deadline The IRS recently shared that more than 1.3 million people still haven’t claimed their 2022 tax refunds, totaling about $1.2 billion. There’s a deadline, though. If you didn’t file your 2022 return, you have until April 15, 2026, to do it. After that, the money doesn’t …
If you use your vehicle for work, here’s some good news: the IRS just bumped up the standard mileage rate for 2026, and it could mean a bigger deduction when tax time rolls around. Starting January 1, 2026, the business driving rate is 72.5 cents per mile — up 2.5 cents from last year’s 70 …
Trump Accounts are the newest kid on the block in the world of savings accounts for children. They were created under the Working Families Tax Cuts (Section 70204), and yes, they come with a lot of rules, deadlines, and fine print. If you’re looking for the latest on what Trump Accounts are and how to …
Digital Wallets Have Tax Obligations Too If you’ve spent any time in the crypto world lately—buying Bitcoin, experimenting with DeFi, or moving assets between exchanges and cold wallets—you’ve probably had the same moment many investors do during tax season: “Wait… is that crypto taxable?” It’s a good question. The rules around cryptocurrency taxes can feel …
If you’ve ever donated to help a student pay for private or parochial school, a new federal tax credit starting in 2027 might be worth putting on your radar. Congress has created a tax credit — not just a deduction — for certain charitable contributions, and while there are a few moving parts, the basic …
New Charitable Giving Rules Take Effect in 2026 As we approach the busy season, taxpayers making year-end charitable donations face significant changes under the One Big Beautiful Bill Act (OBBBA). This legislation introduces substantial modifications to how both itemizers and non-itemizers can benefit from their charitable contributions. Expanded Standard Deduction and New Above-the-Line Charitable Deduction …
