Here’s a Financial Quick Tip for those who recently lost a loved one. Do not disburse 100% of the money. Disburse it in two rounds. You can do 90% the first round, but keep at least $100k for outstanding bills, taxes or sadly the possibility that one of your relatives may sue you. We had a client that came into our office because he had to hire a lawyer to remove his sister as Trustee of their father’s estate. Our firm had to fix the tax side. He will never trust his sister and two brothers again. All because of money!

If you’re an investor, there are some key changes to be aware of for both short and long-term consequences. Here are the likely impacts of the One Big Beautiful Bill Act of 2025 on you. Learn more >

$6,000 bonus deduction for older adults Americans ages 65 and older can claim an extra standard deduction ($2,000 for a single filer, $1,600 per qualifying spouse in a couple) on top of the standard deduction available to all taxpayers who don’t itemize. The reconciliation bill adds a 65-plus bonus deduction of $6,000, through the 2028 tax year. Read more>

This is a very informative webinar by the IRS that covers tax-related disaster relief, types of relief, casualty losses, federally declared disaster areas, other permanent relief, identification of new federal tax law disaster relief provisions and identification of IRS Disaster Tax Relief Resources.