Backofficeus Tax Office

05/02/2026

TrumpIRA - Retirement-Savings Accounts for American Workers

05/02/2026

President Trump signed an executive order Thursday directing the Treasury Department to launch TrumpIRA.gov, a federal portal connecting workers to private-sector retirement accounts -- but the matching benefits at the heart of the initiative were created by a law signed by his predecessor, President Biden. Read More: https://trib.al/Picjszz

04/15/2026

📊 Gifts you receive are not taxable income regardless of amount. The $19,000 annual exclusion determines whether the giver must file a gift tax return (Form 709).

Even above $19,000, no gift tax is owed until the giver exceeds the $15 million lifetime exemption. The recipient never owes income tax on a gift.

Inheritances now includes the caveat that inherited retirement accounts are taxed on withdrawal. An inherited Traditional IRA is taxable as ordinary income when distributions are taken. An inherited Roth IRA is generally tax-free if the original account met the 5-year rule.

Tips and overtime are now correctly framed as federal income tax deductions under the OBBBA, not full exclusions. The income is still reported, still subject to Social Security and Medicare payroll taxes, and still potentially subject to state income tax. The deduction applies to federal income tax only, for 2025 through 2028.

Social Security was the most-asked-about omission across all three versions of this post. It is not on the list because it is not fully tax-free. Up to 85% of Social Security benefits can be taxed depending on combined income. Taxation begins at $25,000 combined income for single filers and $32,000 for married filing jointly.

The 0% long-term capital gains rate applies based on taxable income, not gross income. The 2026 standard deduction ($16,100 single / $32,200 MFJ) reduces your AGI before the threshold is applied.

VA disability benefits have been excluded from federal income tax for decades. The prior version incorrectly labeled this as new.

04/15/2026

Miss the April 15 tax filing deadline? You’ve got more time.

Earlier today, the IRS announced tax relief for taxpayers impacted by Winter Storm Fern in Tennessee. The filing deadline has now been extended to May 22, 2026 for all 95 counties across the state.

Before today’s update, not every county was included—so this expanded relief is a big win for Tennessee taxpayers.

If you’ve been feeling the pressure, take a breath and use the extra time wisely.

https://www.irs.gov/newsroom/irs-announces-tax-relief-for-taxpayers-impacted-by-winter-storm-fern-in-tennessee-various-deadlines-postponed-to-may-22-2026?fbclid=IwY2xjawRM3upleHRuA2FlbQIxMQBzcnRjBmFwcF9pZBAyMjIwMzkxNzg4MjAwODkyAAEeLJIJ_KYx71q4hzFxXtLlWc42NowfkXD1LESxp3gaUrbAgd8VTeLQyUOsZUQ_aem_8IyL3pkk29CeRdbsvQj7tA

TN-2026-01, April 3, 2026 — The IRS announced today tax relief for individuals and businesses in Tennessee affected by Winter Storm Fern that began on Jan. 22, 2026.

03/21/2026

Important tax tip for law enforcement officers, firefighters, chaplains, and rescue crew members who are retired on disability or at normal retirement age:

Eligible retired public safety officers can exclude up to $3,000 annually from their gross taxable income for health, accident, or long-term care insurance premiums. This federal provision allows for the premiums to be paid directly from their qualified government retirement plan to the insurance provider, with the deduction claimed on Form 1040. Premiums can cover the officer, spouse, or dependents.

02/23/2026

02/23/2026

Sad

🚨 We’ve spent $30 BILLION on classroom tech.

Parents are still waiting to see the return.

For years, schools were told more devices would boost learning. But even experts now admit the academic payoff hasn’t matched the promise.

This isn’t about being anti-technology.
It’s about being pro-results - and pro-accountability.

Taxpayers funded this.
Families deserve transparency.

📖 Read the article:
https://fortune.com/2026/02/21/laptops-tablets-schools-gen-z-less-cognitively-capable-parents-first-time-cellphone-bans-standardized-test-scores/

🎯 Want to be informed on EdTech and AI in schools?
🔗 AI Toolkit: https://m4lacademy.org/ai/
🔗 Wired & Watched Toolkit: https://m4lacademy.org/resources/wired-watched-toolkit/

Because when parents follow the data, better decisions follow.

02/23/2026

They are so young

02/18/2026

LLC vs S Corp...a basic explanation.