KLS Bookkeeping & Tax Services

10/07/2026

Time to assess and maximize your retirement contributions!

‼️Retirement savers, two big changes‼️

🪙 Retirement savers get a shake-up in 2027 — one gift, one rule change:

🎁 NEW: The “Saver's Match” replaces the Saver's Credit. If you qualify, the federal government deposits a 50% match (up to $1,000/year) directly into your retirement account on the first $2,000 you save. Unlike the old credit, it's fully refundable — you get it even if you owe no tax. Full match for singles earning up to $20,500 and joint filers up to $41,000.

⚠️ NEW RULE: If you're 50+ and earned over $145,000 last year, your 401(k) catch-up contributions must now go in as **Roth (after-tax)** dollars.

Start planning now — 2027 contributions are what earn the first matches (paid out in 2028).

10/05/2026

‼️Standard deduction & SALT cap‼️

🏠 Homeowners, this one's for you. Two changes reshape the "should I itemize?" math this year:

📈 Standard deduction for 2026 is up: **$32,200** (joint), **$16,100** (single), **$24,150** (head of household)
📈 The SALT deduction cap jumps from $10,000 to **$40,000** through 2029

What this means: fewer people will need to itemize, but if you pay significant state and local taxes, run the numbers both ways this year — the answer may have flipped.

10/03/2026

‼️4 brand-new tax breaks‼️

💰 Big news for workers: four brand-new deductions are live for your 2027 return, thanks to the One Big Beautiful Bill Act!

✅ Tips: deduct up to **$25,000** in tip income
✅ Overtime: deduct up to **$12,500** (single) or **$25,000** (joint filers) of overtime pay
✅ Car loan interest: deduct up to **$10,000** on loans for new U.S.-assembled vehicles
✅ Seniors 65+: an extra deduction of up to **$6,000 per person** ($12,000 for a qualifying couple)

These are claimed on the new Schedule 1-A and are available for tax years 2025–2028. Heads up: they phase out at higher incomes.

👉 Tag someone who earns tips or overtime — they need to see this!

10/01/2026

Happy October! I am Keshia Smith, the CEO, of KLS Bookkeeping & Tax Service. As we approach the final quarter of the year I just wanted to reintroduce myself!

KLS Bookkeeping & Tax Service specialize in bookkeeping services, tax preparation, tax planning, and tax debt resolution. We are here to help with your personal and business needs.

Reach out to us today for any bookkeeping or tax needs you may have!

📞 706-206-4806
📧 [email protected]

10/01/2026

10/01/2026

Now is the time to download the app! You can get valuable tax information right from your phone!

IRS2Go has a new name and more features!

The IRS app gives taxpayers secure access to services from their phone. View available balance information, make a payment, access certain notices and letters, review tax records, and more. Current IRS2Go users don't need to download a new app. If automatic updates are enabled, the app will update on its own. You can also update it through the Apple App Store or Google Play.

For verified links to the official app and to help protect yourself from scams, start here: IRS.gov/app

08/29/2026

💡 SATURDAY TAXPAYER TIP: Small Business Year-End Prep! 💡

📌 Don’t wait until January to get your business finances in order!

Year-end will be here before you know it, and now is the perfect time to start preparing. Taking a few steps today can help reduce stress, avoid costly mistakes, and make tax season much smoother!

✅ Review your income and expenses
Make sure all business transactions are properly recorded.

✅ Separate business and personal expenses
Avoid mixing finances—it can create major headaches at tax time!

✅ Reconcile your bank and credit card accounts
Make sure your books match your actual account balances.

✅ Organize receipts and supporting documents
Keep documentation for your business expenses and deductions.

✅ Review outstanding invoices
Follow up on unpaid invoices so you know exactly what income has been received.

✅ Start planning for your tax liability
Don’t wait until tax season to find out you owe! Proper planning can help you prepare.

📣 The best time to prepare for year-end is BEFORE year-end!

Need help getting your books organized or preparing your business for tax season? KLS Bookkeeping & Tax Service is here to help!

📞 Contact us today to get your business on track!