Waterman and Associates, CPA

06/15/2026

Hello everyone!
We’re excited to invite you to check out our newly updated website, where you can find helpful tax resources, important updates, and information about our services.

https://www.watermancpa.net

As we move through the year, be sure to keep these upcoming tax deadlines on your calendar:

⏰June 15 Quarter Estimated Tax Payment Due
⏰September 15 Quarter Estimated Tax Payment Due

Staying ahead of deadlines can help you avoid penalties and unnecessary stress. If you have questions or need assistance with tax planning, preparation, or accounting services, our team is here to help.

Visit our new website today and stay connected for tax tips, updates, and important reminders throughout the year! Also add our google calendar here: https://calendar.google.com/calendar/u/0?cid=cjA0MHFodTE4b284NWwxdWU1am1rcjJvZ3NAZ3JvdXAuY2FsZW5kYXIuZ29vZ2xlLmNvbQ

01/08/2026

— The Internal Revenue Service announced Monday, January 26, 2026, as the opening of the nation’s 2026 filing season

12/10/2025

https://www.irs.gov/newsroom/one-big-beautiful-bill-provisions?fbclid=IwY2xjawOmmphleHRuA2FlbQIxMABicmlkETA3RXBhZWNpakdEbmp2T2hmc3J0YwZhcHBfaWQQMjIyMDM5MTc4ODIwMDg5MgABHtzGl9kH-8o3h_1hJzzZKk83zIwun_Fv3cFTNEKbseZxrzxbBBkckTReMDbD_aem_OEOyFPjhbVm1S2GD8G5dKA #:~:text=The%20One%20Big%20Beautiful%20Bill,the%20credit%20in%20future%20years

The One, Big, Beautiful Bill Act has a significant effect on your taxes, credits and deductions.

12/10/2025

https://www.irs.gov/newsroom/irs-to-phase-out-paper-tax-refund-checks-starting-with-individual-taxpayers

IR-2025-94, Sept. 23, 2025 — The Internal Revenue Service, working with the U.S. Department of the Treasury, today announced that paper tax refund checks for individual taxpayers will be phased out beginning on Sept. 30, 2025, as required by Executive Order 14247, to the extent permitted by law.

10/15/2025

https://www.masslive.com/news/2025/10/irs-makes-historic-change-to-how-it-handles-tax-returns-whats-next.html

How you get your tax refund may look a lot different this year — here's what changed.

01/14/2025

https://www.irs.gov/newsroom/irs-announces-tax-relief-for-taxpayers-impacted-by-wildfires-in-california-various-deadlines-postponed-to-oct-15

CA-2025-01, Jan. 10, 2025 — The IRS announced today tax relief for individuals and businesses in parts of California affected by wildfires and straight-line winds that began on Jan. 7, 2025. These taxpayers now have until Oct. 15, 2025, to file various federal individual and business tax returns a...

12/24/2024

As of December 23, 2024, the Fifth Circuit Court of Appeals has lifted the preliminary injunction that suspended the requirement for businesses to file Beneficial Ownership Information (BOI) reports. The deadline for filing BOI reports is reinstated at January 1, 2025.
The injunction was issued on December 3, 2024, in response to the Texas Top Cop Shop, Inc. v. Garland case, in which a district court ruled that the Corporate Transparency Act (CTA) and the BOI reporting rule were likely unconstitutional. The Department of Justice (DOJ) appealed the decision, and the Fifth Circuit Court of Appeals granted the DOJ's request to lift the injunction.

12/20/2024

IRS releases 2025 optional standard mileage rates (12-19-24)

Beginning January 1, 2025, the standard mileage rates for the use of a car, van, pickup truck, or panel truck will be:
• 70 cents per mile driven for business use, up three cents from 2024;
• 21 cents per mile driven for medical purposes, unchanged from 2024;
• 21 cents per mile for moving purposes for qualified active-duty members of the Armed Forces, unchanged from 2024; and
• 14 cents per mile driven in service of charitable organizations, unchanged from 2024.

(IRS Notice 2020-5)
The rates apply to fully electric and hybrid automobiles, as well as gasoline and diesel-powered vehicles.

11/01/2024

https://apnews.com/article/irs-pensions-retirement-401k-tax-34574f697826495333a4293485624293

The IRS has announced an increase to the amount individuals can contribute to their 401(k) plans in 2025, to $23,500, up from $23,000 in 2024.

10/23/2024

https://www.irs.gov/newsroom/irs-releases-tax-inflation-adjustments-for-tax-year-2025

IR-2024-273, Oct. 22, 2024 — The Internal Revenue Service announced today the annual inflation adjustments for tax year 2025.