Hoskins Quiros Patel & Loid CPAs

Donating your car can be a great tax deduction, while helping a worthwhile cause. But if you are not careful, your donation value could be limited. Here is what you need to know.

Vehicle Donations: Do it Right! - A little mistake could cost you plenty One of the biggest contributions a taxpayer can make is to donate a used automobile. But if not careful, the value of a donated vehicle could be a lot lower than you think.

New tax rules arrive in 2026 - get a quick preview and simple steps to make your 2025 filing easier. Also have fun with our annual holiday quiz.

HQPL CPA Monthly Update: December 2025 Plenty of new tax laws are set to land in 2026. This issue gives you an easy way to size them up, along with several practical moves to help make filing your 2025 tax return feel a whole lot easier. You’ll also find our holiday quiz – a fun way to test what you know about the traditions...

Time to review your annual employee benefits. Here are some tips.

Setting Benefits for Next Year - Great time to leverage tax ideas November is often the time to sign up for benefits in the upcoming year with your employer. Don't forget to consider ways to save on taxes. Here are some tips.

Considering loaning yourself money from your retirement account? Read this first!

Borrowing Money from Your 401(k) - Review this tip before you act! Many are dipping into their employer-sponsored retirement plans using the lending feature. Unfortunately, many are later faced with a tax problem!

Here are the details to deduct your car loan interest on your tax return.

The New Car Interest Deduction - What you need to know As part of the OBBB Act, there is a new interest deduction available on your tax return for qualified car loans. Here is what you need to know.

With all the tax changes, a year-end review is needed now! Here are some great ideas.

Year-End Tax Planning Tips: 2025 EDITION - There's still time to act Here are ideas that may reduce your tax bite for this year. But act soon as the year-end is fast approaching.

End the year strong with these last-minute tax tips, Social Security updates, 5 money terms you should know, and how you can participate in the rise of the DIY economy. Smart moves start here.

HQPL CPA Monthly Update: November 2025 As 2025 starts to wind down, now’s your chance to make some strategic moves that could pay off well into next year. In this month’s newsletter, we’re focusing on key actions that can sharpen your finances as we head into the final few months of the year. First up: a final tax plann...

$8,400 more of your income is subject to Social Security taxes in 2026. Here are the details.

Social Security Benefits Announced for 2026 2026 Cost-of-Living Adjustment (COLA) changes are here. This is what you need to know.

You may give up to $19,000 to any individual (donee) in 2025 and avoid any gift tax filing requirements. If married, you and your spouse may transfer up to $38,000 per donee.

Leveraging Gift Rules to Your Advantage Wish to transfer some of your assets to your children or grandchildren tax-free? Understanding the annual gift limits is a good place to start.

New tax deduction limit could present a planning opportunity.

Check for Itemizing Now - Itemizing deductions may be back for you With recent law changes, itemizing your deductions may now make sense once again.

Fair market value is often one of the IRS's go-to items when auditing you. Here is what you need to know.

Defending Fair Market Value Determining the value of items on your tax return is always open to interpretation. You do not want that to happen to you during an audit, as it can lead to additional taxes and penalties. Here are some tips to help defend your Fair Market Value (FMV) determinations.

Get tip income or know someone who does? Read this NOW!

Tentative Tax-Fee Tip Occupations Announced - Review and act NOW! Now is the time to review the preliminary list of approved tax-free tip occupations. If your job is not included, you must register your suggestion in the next few weeks.