HM Tax Advisors

10/24/2026

Heading to NYC for the night and seeing Hamilton (again)! It’s always good to decompress and head out of town for the day. NYC is a place we try to go to a couple of times a year. It’s always an interesting experience to explore the city.

"And when push comes to shove, I will kill your friends and family to remind you of my love." — King George III (You'll Be Back)

🤣🤣🤣

10/22/2026

❤️ GIVE TO CHARITY? THE TAX RULES HAVE CHANGED FOR 2026!

For years, millions of taxpayers received no federal tax deduction for charitable donations because they took the standard deduction.

That's changing in 2026!

✅ NEW deduction for taxpayers who DON'T itemize:

• Single filers: Up to $1,000
• Married filing jointly: Up to $2,000

You can now claim qualifying cash donations even when taking the standard deduction!

⚠️ But there's a change for taxpayers who DO itemize.

Beginning in 2026, charitable contributions are deductible only to the extent they exceed 0.5% of your adjusted gross income (AGI).

Here's an example:

If your AGI is $100,000 and you donate $2,000 to charity, the first $500 isn't deductible. Your potential charitable deduction is $1,500.

📌 A few important reminders:

• The new non-itemizer deduction applies to qualifying monetary donations, not clothing or household goods.

• Donations must go to eligible charitable organizations.

• Keep your receipts and donation records!

The bottom line: Charitable giving can still provide tax benefits, but knowing the new rules can help you plan before December 31.

At HM Tax Advisors, your tax success starts with a plan — not a form.

🌐 www.hmtaxadvisors.com

10/21/2026

This may or may not be a daily conversation. lol

"That's not a write-off" scene from Schitt's Creek

10/15/2026

🎉 AND THAT'S A WRAP… ALMOST! 😂

October 15th. The final stretch of what feels like the longest tax season in history!

Six months ago, we were racing toward April 15th. Now here we are, doing it all over again.

To our clients who got their documents in early, THANK YOU! ❤️

To our staff who have been working tirelessly to get returns completed, THANK YOU! 💙

And to those who waited until the last possible moment… well, you certainly know how to keep things interesting! 🤣

The extension deadline is tonight, and we're doing everything we can to get those final returns across the finish line.

Tomorrow, we can finally say goodbye to the 2025 filing season.

Of course, there's just one little problem…

The 2026 tax season is right around the corner! 😳😂

10/15/2026

🚨 TODAY IS THE DAY! OCTOBER 15TH! 🚨

Well, here we are. The final day of the 2025 tax filing season for most taxpayers who requested an extension!

If you've been putting off filing your taxes for the last six months, congratulations… you've officially run out of calendar! 😂

⏰ The deadline is TONIGHT!

A few things to remember:

✅ Most extended individual returns must be filed by 11:59 PM tonight, based on your local time zone.

✅ If you owe taxes, penalties and interest may already be adding up.

✅ If you're due a refund, you should still file to protect your money.

✅ Certain taxpayers affected by federally declared disasters may qualify for additional time.

Here at HM Tax Advisors, we're making one final push to get everything across the finish line! 💪

And to everyone who got us their paperwork weeks ago… WE APPRECIATE YOU! 😂

Let's finish this thing!

10/14/2026

🚨 24 HOURS TO GO! THE CLOCK IS TICKING! ⏰

Tomorrow, October 15th, is the deadline for most taxpayers who filed a 2025 tax extension!

And if you're thinking, "What's the big deal if I miss it?" Well… the IRS has a few thoughts on that. 😂

💸 Failure-to-file penalty: Generally 5% of unpaid federal taxes for each month (or part of a month) your return is late, up to 25%.

💸 Failure-to-pay penalty: Generally 0.5% of unpaid taxes per month, up to 25%. This may already be accumulating because your payment was due in April!

💸 Interest: Continues accruing on unpaid balances and applicable penalties.

💸 Refunds: If you're owed a refund, there's generally no federal late-filing penalty, but don't wait forever! You could eventually lose your right to claim it.

And here's something people forget: An extension to file was NEVER an extension to pay!

At HM Tax Advisors, we're making the final push to get returns filed before the deadline.

The IRS doesn't accept "I forgot" as a payment method! 🤣

10/14/2026

❤️ GIVING BACK JUST GOT A LITTLE MORE REWARDING IN 2026!

Here's a tax change that could benefit millions of taxpayers!

Beginning in 2026, you can deduct charitable donations even if you take the STANDARD DEDUCTION! 🎉

💰 Here's how much you can deduct:

✅ Up to $1,000 for single filers
✅ Up to $2,000 for married couples filing jointly

That's right! You no longer have to itemize to receive a federal tax deduction for qualifying charitable contributions.

A few things to remember:

✔️ Donations must be monetary (cash, check, or electronic payment).
✔️ Contributions must go to qualified charitable organizations.
✔️ Keep your receipts and donation records!

And remember, a $1,000 deduction doesn't mean $1,000 back in your pocket. It reduces your taxable income!

The best part? You can support causes you care about AND potentially reduce your tax bill.

Giving back is always a good thing. Now the tax code recognizes it, too! ❤️

10/13/2026

⏰ TWO DAYS TO GO!

The October 15th tax extension deadline is just TWO days away!

If you filed an extension back in April, your time is almost up. And remember, an extension gave you more time to FILE, not more time to PAY!

At HM Tax Advisors, we're working hard to get those last-minute returns across the finish line. 🏁

If you're still sitting on your tax documents, now would be a really good time to stop procrastinating. October 15th isn't moving just because you're not ready! 😂

Let's finish strong! 💪

10/13/2026

Well, I’ve been off Facebook since October 5th. 😳

A whole week without scrolling, posting, checking notifications, or seeing what everyone had for dinner. 😂

And you know what? The world kept spinning, the business kept running, and somehow I survived!

Sometimes it’s good to unplug, step away from the noise, and just enjoy life without feeling the need to document every minute of it.

But don’t worry… I’m back. And apparently, I have a week’s worth of nonsense to catch up on. 🤣

10/08/2026

💰 Starting in 2027, the IRS is introducing a new retirement savings benefit!

It’s called the Saver’s Match, and it could help eligible taxpayers boost their retirement savings.

Here’s how it works:

✅ The federal government will match 50% of eligible retirement contributions, up to $2,000 in contributions.

✅ That means you could receive up to $1,000 per year toward your retirement!

✅ The match will be deposited into an eligible retirement account rather than issued as a tax refund.

💵 What are the income limitations for 2027?

To qualify for the full match, your adjusted gross income (AGI) must be:

🔹 Single: $20,500 or less

🔹 Head of Household: $30,750 or less

🔹 Married Filing Jointly: $41,000 or less

The match gradually phases out above these amounts, with no match available once AGI reaches:

🔹 Single: $35,500

🔹 Head of Household: $53,250

🔹 Married Filing Jointly: $71,000

Here’s the important part: Unlike the current Saver’s Credit, which reduces your tax liability, the new Saver’s Match actually adds money to your retirement savings.

📅 The program begins with eligible contributions made in 2027, with the first matching deposits generally expected in 2028.

At HM Tax Advisors, we’re keeping an eye on these changes so our clients can take advantage of opportunities to save more for retirement.