Liberty Tax

10/19/2026

Federal Tax savings and State Tax savings may seem similar, but there is a key difference! Call your neighborhood tax expert with any questions!

General 2026 federal tax information only. Eligibility and tax benefits vary by taxpayer.

10/15/2026

TODAY IS THE FINAL DAY TO FILE WITHOUT FINES AND PENALTIES!! Get it done today!

October 15 is the deadline to file for taxpayers who received an extension; an extension to file is not an extension to pay.

10/15/2026

TODAY IS THE FINAL DAY TO FILE WITHOUT FINES AND PENALTIES!! Get it done today!


October 15 is the deadline to file for taxpayers who received an extension; an extension to file is not an extension to pay.

10/12/2026

The Child Tax Credit…

Today's topic is one of high interest for a lot of taxpayers and families. This subject could be 4-5 pages on its own. I'm going to hit some of the highlights here.

Last year, the One Big Beautiful Bill Act made permanent the Tax Cuts and Jobs Act increase in the child tax credit (CTC). If no action had been taken, the credit would have reverted to $1,000 per child.

For 2026, the CTC amount is $2,200 and will adjust for inflation moving forward.

The refundable portion of the CTC, which is the Additional Child Tax Credit (or ACTC), remains "up to" $1,700 for 2026.

Other Notes
1) Taxpayers may qualify for the full amount for each child if they earn $200,000 as an individual filer or $400,000 for joint filers. The credit phases out for incomes above that threshold.
2) Children must be under age 17 as of December 31of the tax year to be eligible.
3) A Social Security number will be required for the taxpayer (or at least one spouse for joint filers) who is claiming the credit and for the child.
4) Additionally, the child must still meet the Age, Relationship, Residency, Citizenship, and Financial Support tests to claim the credit.

As stated above, this is a very general post and is not a substitute for one-on-one tax planning.

If you have further questions, or want to see how these changes will impact your tax return, schedule your free consultation with our office today.

Make it a great day!

Justin Holliday, owner
405-577-6977
[email protected]

10/10/2026

Only 5⃣ days left to complete your 2025 Tax Return! Don’t race the clock, call your neighborhood Liberty Tax Expert NOW!!


October 15 is the deadline to file for taxpayers who received an extension; an extension to file is not an extension to pay.

10/10/2026

Only 5 days left to complete your 2025 Tax Return! Don’t race the clock, call your neighborhood Liberty Tax Expert NOW!! +1 405-494-4470


October 15 is the deadline to file for taxpayers who received an extension; an extension to file is not an extension to pay.

10/08/2026

Did you receive a letter from the IRS similar to this?

For once, they’re sending you good news! It’s for details about how to claim the “Saver’s Match” credit.

Passed back in 2022 as part of the SECURE 2.0 Act, the Saver’s Match is a new federal program that matches a portion of the money you save for retirement. The Saver’s Match is replacing the Saver’s Credit for contributions made to retirement plans or IRAs.

How does it work?
The federal government matches up to 50% of what you contribute – a match of up to $1,000 per person each year deposited directly into your designated retirement account. For married couples filing jointly, the match applies to each spouse. Matching funds will go directly into a retirement plan or IRA and grow alongside your own contributions. There is no minimum contribution amount to qualify for this credit.

Who qualifies?
To qualify, you must meet all these requirements:
• You make contributions to your retirement plan or IRA (there is no minimum amount)
• You are 18 by the end of the tax year
• You are not a student
• You are not claimed as a dependent on another person’s return
• You are a U.S. resident

You can qualify even if you owe little or no federal income tax.

Income limits
Whether you qualify and what percentage match you receive depends on your modified adjusted gross income (MAGI) and filing status. See the table below. These income limits will be adjusted for inflation in years after 2027.

How do I prepare for the Saver’s Match?
• No action is required right now. The Saver’s Match applies to retirement contributions you’ll make starting in 2027.
• In 2027, take these steps:
• If you are able to contribute to an eligible retirement plan.
• If you are not able to contribute to an eligible retirement plan and do not have either a traditional or Roth IRA, open a new IRA. Starting in 2027, TrumpIRA.gov will list financial institutions that offer IRAs, accept Saver’s Match contributions, and satisfy other criteria.
• Keep records of your contributions.
• In 2028, you can claim the Saver’s Match by filing Form 8880-A with your 2027 federal tax return.

And finally, a few resources if you want to research further:
IRS.gov: https://www.irs.gov/credits-deductions/savers-match
Saver’s Match: https://saversmatch.org/

I promise, I tried keeping this short - it's a lot of information to cover. As always, these posts are for general information only. For questions specific to your situation, reach out to our office directly.

Make it a great day!

Justin Holliday
405-577-6977
[email protected]
or message us on here !

10/07/2026

Less than 2 weeks until the October 15th deadline! If you have not completed your return call us now! We are open and ready to serve you!


October 15 is the deadline to file for taxpayers who received an extension; an extension to file is not an extension to pay.

10/07/2026

Did you sell your house in 2026? Were you able to make a gain on the sale? Are you worried about having to pay taxes on that gain?

Worry no more! Section 121 of the US Tax Code has you covered. (26 U.S. Code § 121 - Exclusion of gain from sale of principal residence - if you're just REALLY wanting to read the actual statute).

In short, single filers are able to exclude up to $250,000 on the gain of the sale of their primary home. For married couples filing a joint return the exclusion amount is $500,000.

There is some fine print to this… Most notably, you need to own the home and treat it as your primary residence for at least two of the preceding five years.

If you sold your home this year and have questions about how it will impact your 2026 tax return, reach out to our office today to set up your free consultation.

Phone: 405-577-6161
Email: [email protected]
or message us on here.

Make it a great day!

Justin Holliday

Reminder, these posts are meant to provide general tax information and are not meant to be a replacement for one-on-one advice. Always reach out with questions specific to your situation before relying solely on these posts. We never charge for consultations. Thank you.

10/06/2026

Charitable contributions and your taxes.

Beginning in tax year 2026 (for returns filed in 2027) , taxpayers that take the standard deduction will be able to deduct up to $1000 in CASH donations ($2000 for MFJ returns).

Taxpayers claiming the standard deduction will not be able to claim a deduction for noncash contributions (ie; donating furniture to Goodwill).

Additionally, those that itemize will have a floor threshold they must exceed before they can claim a charitable deduction. This applies to both cash and non cash donations. The threshold is 0.50% of their AGI. For example, a taxpayer with a $100,000 AGI will have a $500 threshold to meet before they will see a tax benefit for their charitable contribution. So if the above taxpayer made a $2000 cash donation to their 501c3 organization of choice, their qualified charitable deduction would be $1500 ($100,000 x's 0.50% = $500. Then take the donation of $2000 minus the $500 floor. This leaves a deduction of $1500).

Clear as mud? Don't worry. We're here to answer your questions on this one.

As always, make it a great day!

Justin Holliday, owner
405-577-6161
[email protected]

10/05/2026

A key tax change for small business owners to know heading into 2026…
The QBI deduction is now permanent, and starting in 2026, the phase-in range expands from $50,000 to $75,000 for most filers and from $100,000 to $150,000 for joint filers. That wider range could allow more business owners to benefit from the QBI deduction!

General 2026 federal tax information only. Eligibility and tax benefits vary by taxpayer.

10/05/2026

A key tax change for small business owners to know heading into 2026… The QBI deduction is now permanent, and starting in 2026, the phase-in range expands from $50,000 to $75,000 for most filers and from $100,000 to $150,000 for joint filers.

That wider range could allow more business owners to benefit from the QBI deduction!

General 2026 federal tax information only. Eligibility and tax benefits vary by taxpayer.

10/05/2026

10/05/2026

Need to file back tax returns??? We have the right program for you. Give us a call at 405-577-6977 to schedule your free initial strategy session.

Your trusted tax experts for life.

10/01/2026

IRS problems can feel intimidating. Community Tax — partnered with Liberty Tax — has helped resolve over $1 billion in tax liabilities. Their team offers affordable tax resolution services for individuals and businesses.

Tax resolution services are provided by Community Tax, LLC, an independent tax resolution firm. Results vary based on individual circumstances. Not all clients qualify for all programs. Past results do not guarantee future outcomes. Liberty Tax and Community Tax do not guarantee specific tax relief results. “Over $1 billion in liabilities resolved” reflects the cumulative total of client liabilities addressed by Community Tax since inception.

09/25/2026

Planning for retirement?💰

The 2026 retirement contribution limits are here, and knowing how much you can contribute could help you make smarter decisions for your future.

See the updated limits and planning tips: 📲 https://www.libertytax.com/blog/2026-retirement-contribution-limits-and-planning-tips

Have tax questions along the way? Your local Liberty Tax team is here to help.

General information only. Tax situations vary, so review current IRS guidance or speak with a qualified tax professional.

Explore 2026 contribution limits for 401(k)s, IRAs and SIMPLE plans, plus planning considerations to help maximize your retirement savings.

09/23/2026

Did you file an extension? The deadline is almost here. Visit your local Liberty Tax office before the October 15th deadline to complete your return!

Find a office here: https://www.libertytax.com/income-tax-preparation-locations

09/22/2026

New state, new address, new rules 🏡 If you moved this year, you may have to file in more than one state next tax season.
Make sure your address is updated and keep track of income earned in each state. Need guidance? Liberty Tax has you covered!

09/15/2026

Today we kick off Hispanic Heritage Month! ❤️💛💚 We celebrate the rich culture, lasting impact, and powerful contributions of the Hispanic community across our country and within the Liberty Tax family.
Join us this month as we highlight inspiring stories and voices that make a difference every day.