Benzing Tax & Accounting

04/12/2026

Taxpayers have a variety of options to consider when paying federal taxes, none of them are paying with candy bars. For more information on the options available to meet your tax obligations visit: irs.gov/payments

01/22/2026

Tax Season Is Here — Big Changes for 2025!

The 2025 tax season brings several important updates that could mean bigger deductions and more savings for you. Working with a qualified tax professional helps ensure you don’t miss out on these new benefits.

Here are some key changes for 2025:

Increased SALT Deduction Limit
The State and Local Tax (SALT) deduction cap increases from $10,000 to $40,000. This includes state income tax withholdings, property taxes, and personal property taxes (itemized deductions).

Car Loan Interest Deduction
Deduct up to $10,000 of interest on vehicle loans for cars purchased after 2024 and assembled in the United States.
AGI limits: $100,000 (single) / $200,000 (married filing jointly).
This deduction is separate from itemized deductions.

Deduction for Tip Income
Up to $25,000 in tip income may be deducted for workers in occupations that regularly receive tips.

Deduction for Overtime Pay
Deduct up to $12,500 (single) or $25,000 (joint) for overtime pay earned after 40 hours per week and paid at time-and-a-half under federal law.

Additional Senior Deduction
Taxpayers age 65 and older may qualify for an extra $6,000 deduction.
AGI limits: $75,000 (single) / $150,000 (joint).

If you have questions about how these changes apply to your situation, give us a call. We’re here to help and look forward to seeing you this tax season!

02/06/2025

This is a great list to review for uncommon adjustments. Please give us a call if you have any questions. 517-423-6211

The standard tax deduction is used by most filers. The amounts are substantial, thanks to the increases of the Tax Cuts and Jobs Act (TCJA) of 2017. Plus, it’s easy to claim. The standard amount for each filing status is listed directly on Form 1040. See more tax forms and more about them at Tax F...

01/27/2025

Tax season has officially started! We are back to tax season hours and we are looking forward to seeing everyone soon. Please call 517-423-6211 if you have any questions. Thank you!!

08/31/2024

We would like everyone to know that our phones lines have not been working since Wednesday. We have contacted our phone service and they are working on repairs. We apologize for the inconvenience. Please email John at [email protected] if you need anything. Thank you!

06/18/2024

With great sadness we want everyone to know that my mother Joyce passed on Saturday. As most of you know, she has been battling cancer for years and she is finally out of pain and the suffering has ended. Thanks to everyone that supported her over the years of treatment.

02/24/2024

Be careful who you trust to do your tax returns. Just another reason to have a seasoned professional make sure your taxes are done correctly.

Photo by M.O. Stevens, CC BY-SA 3.0, via Wikimedia Commons The Federal Trade Commission (FTC) this afternoon announced it has filed an administrative complaint against H&R Block for wiping out customers' entered data as a way to pressure them to pay for higher-priced tax preparation software options...

01/24/2024

I'm not sure what is free in this photo. A similar lack of clarity got TurboTax in trouble with the Federal Trade Commission. (Photo by Lance Grandahl on Unsplash) With the official Monday, Jan 29, start of the 2024 tax filing season just days away, millions of taxpayers already are using tax softwa...

01/18/2024

Very important information for anyone with a LLC, Corp or Partnership. Most businesses will have to register in 2024. Businesses will also be required to keep their information updated going forward. Failure to follow the guidelines could result in a $500 per day fine with a maximum penalty of $10,000.

A new guide posted by the Financial Crimes Enforcement Network describes BOI rules, answers questions, and provides tools to assist with compliance with the BOI reporting rules.

01/03/2024

Wanted: Seasonal Receptionist/Data Entry Clerk

We are currently accepting applications for a seasonal receptionist/data entry clerk. The job starts on January 22nd and runs to April 26th. The hours are Monday through Friday from 10:00am to 6:00pm. Most Saturdays are from 10:00am to 2:00pm. Hourly rate based on experience to be negotiated.

The job will consist of working with clients during the drop off and pickup process, answering the phones, calling clients, entering basic client data and scanning client documents.

No tax experience is required. All applicants must have strong communication and people skills, proficient in Microsoft Office applications and the ability to work every day through this season.

Please email John Benzing at [email protected] with your resume and questions.

The interviews will be the week of January 8th.