Harris Financial Services

Reducing the Cost of Higher Education - Ideas to manage your tax breaks The cost of a higher education is going through the roof. To make matters more complicated the tax code has numerous provisions to help offset educational expenses. But there are so many...here are some ideas to help you get the biggest tax break.

Reminder: Third Quarter Estimated Taxes are Due - Now is the time to make your estimated tax payment If you have not already done so, please plan to make your third quarter estimated tax payment. The due date is Monday, September 15th.

Client Update Newsletter: September 2025 As the dust settles on the July tax bill and the IRS starts to figure out how to implement tax-free tips and overtime, the rest of us need to move into the planning phase of the tax year. To help keep tax planning top of mind is an article about common tax myths. Each of them reinforce the need to p...

Using Losers to Make Winners Effectively using your investment losses can make a big impact in your taxable income. Why? These losses could offset income that is barely taxed, or it could offset income taxed at 37% or higher! Here are some ideas to make those losers into winners on your tax return.

Time to Forecast Your Business Tax Obligation - Multiple changes make this more important than ever Recent law changes require a new look for your business. Here are some tips.

Overtime Tax Break Requires Your Attention The OBBBA of 2025 makes overtime tax-free. But the devil is in the details. Here are some tips.

Make Your Child a Tax-Free Millionaire! Want to give your child or grandchild a jump-start on their retirement? Here's a tip that will help them learn the value of investing and maximize the tax benefits.

Client Update Newsletter: August 2025 The One Big Beautiful Bill Act (OBBBA) passage does a lot to make expiring tax laws more permanent for 2026 and beyond. But it also makes substantial changes to the 2025 tax landscape. This month's newsletter covers some of the major changes impacting your taxes for this year and action steps to tak...

Income & Spending Details - The IRS lays it all out As taxpayers, it makes sense to understand how our government spends our money. Here are the most recent inflows and outflows as reported by the IRS in this year's 1040 instruction booklet.

Personal Exemptions gone plus $6,000 new Deduction - What everyone should know While personal exemptions are a tax benefit that is gone permanently, there is a new $6,000 benefit that everyone should understand. Here are the details.

Tax-Free Tips are Here - What you need to know Beginning this year through 2028, qualified tips up to $25,000 can be deducted from your income. Here are the details.