2026 Year End Newsletter

Dear Clients & Friends,

The start of school is a sure sign we have summer behind us and are heading into fall and holiday season. We hope you are getting a head start and preparing for the festivities in celebration of the 2026 holiday season. Enclosed is our year end newsletter. In it, you’ll find advice to consider before the end of the year.

As always, planning is one of the important keys to having a successful tax result. Make sure to sort your receipts, collect your 2026 tax forms, and coordinate your deductions.

For the tax year 2026, there are several new provisions that may be beneficial to your tax situation; you may be able to deduct up to $25,000 of qualified tips, $12,500 for qualified overtime pay, or qualify for a new over age 65 deduction of $6,000. All of these provisions are subject to income phaseouts so not every taxpayer will be able to qualify. Please keep an eye on student expenses, student loan interest, alimony, child support, child care, and reinvested dividends. You may be eligible for deduction in those categories.

We are still down one accounting staff member and continue to seek the right person to bring on board. If you know someone that has some tax preparation and accounting experience, then please send them our way.

Extended individual tax returns are due on October 15th. If you have not brought in your tax organizer and supporting documents, we recommend that you do so sooner than later. Due to being short staffed, it is taking longer to process tax returns than we would like. We really appreciate your patience and understanding.

If you would like to send us information electronically, then you may upload tax returns and related information to a secure portal called Intuit Link. This method is far more secure than an email. We encourage you to call or email us if you are interested in transmitting information to us using this method so that we can invite you to the portal. You may email your favorite staff member or our general email at info@rgscpa.com, and we will set up a link for you to utilize the portal.

Please contact our office if you have questions concerning any information in this newsletter. As always, we appreciate your continued patronage!

2026 Year End Newsletter – Starkey & Company

                                                                                                                                          Sincerely,

                                                                                                                                          Starkey & Company, PA