Chappell's Tax and Accounting Services

08/30/2026

02/15/2026

You may have seen that the IRS is moving away from paper checks. If you usually receive a tax refund by paper check, you might also be experiencing some confusion about how you will receive your refund this filing season.

If you claim a refund on your 2025 tax return, new rules may affect how the IRS issues the refund if you don’t provide direct deposit information or if your direct deposit is rejected. These changes are part of the IRS effort to modernize payments to and from America’s bank accounts. https://ow.ly/UNJ350YcfxL

01/16/2026

Schedule 1-A is updated for 2025 with new additional deductions, including “No Tax on Tips,” “No Tax on Overtime,” car loan interest (QPVLI), and an enhanced senior deduction. Some deductions require joint filing and have income limits.

Read more at https://nstp.org/article/schedule-1-instructions-available

01/14/2026

School is out.😭
Alleghany County, NC

01/14/2026

If you’re receiving Social Security benefits, your earnings are automatically reviewed and adjusted each year. You don’t need to do anything extra to receive your correct benefit amount! Cost-of-living increases are automatic too – no forms required. You can always check your earnings using your personal my Social Security account: https://www.ssa.gov/myaccount/.

01/09/2026

, new job? If you started fresh with a new career this year, now is a great time to check your withholding. Doing so can help you avoid an unexpected bill for the year. Get started and check your withholding. https://ow.ly/BEqC50XSRGI

01/09/2026

The IRS increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for business to 72.5 cents per mile driven, up 2.5 cents from 2025.