Tax Advice | TaxGenuity, Inc. - Tax Experts & IRS Problem Solvers

Can Your Business Benefit from the WOTC?

by TaxGenuity Tax Experts | Nov 10, 2025 | Tax Advice

Employers who hire new workers may qualify for a tax benefit, but they shouldn’t wait too long. The Work Opportunity Tax Credit (WOTC) is a valuable federal tax credit that incentivizes employers to hire from certain targeted groups that face employment barriers. But...

Dependent Care Flexible Spending Accounts for Your Business

by TaxGenuity Tax Experts | Nov 9, 2025 | Tax Advice

Employers seeking to offer family-friendly benefits may want to consider flexible spending accounts (FSAs) for dependent care. These FSAs let employees make pre-tax contributions through payroll withholding to help cover eligible expenses. Because of the major tax...

Say Goodbye to Paper Checks

by TaxGenuity Tax Experts | Nov 8, 2025 | Tax Advice

Beginning Sept. 30, 2025, the federal government will generally no longer issue paper checks, including those for tax refunds, Social Security benefits and more. Also, certain federal agencies, such as the IRS and the Dept. of Labor (DOL), will generally stop...

Tax Breaks for Medical Expenses

by TaxGenuity Tax Experts | Nov 7, 2025 | Tax Advice

Depending on your situation, you may be able to claim certain medical expenses as deductions on your tax return. However, you must itemize deductions, and having enough expenses to qualify can be challenging. Here are five tips to keep in mind: 1. Consider “bunching”...

2 Important Changes for Businesses under the New Tax Law

by TaxGenuity Tax Experts | Nov 6, 2025 | Tax Advice

The One Big Beautiful Bill Act (OBBBA) introduces a range of tax changes that will impact businesses. Many provisions set to expire this year are now being extended or made permanent. Below is a snapshot of two important changes to help you with tax planning in the...

An Employee Benefit That Also Saves Tax for Your Business Just Got Better

by TaxGenuity Tax Experts | Nov 4, 2025 | Tax Advice

Employers seeking to offer low-cost, family-friendly benefits may want to consider flexible spending accounts (FSAs) for dependent care. These FSAs let employees make pre-tax contributions through payroll withholding to help cover eligible expenses. Thanks to the...

Separated or Divorced? Know Your Tax Obligations

by TaxGenuity Tax Experts | Nov 3, 2025 | Tax Advice

If a couple gets separated or divorced, it affects tax obligations. The IRS considers couples married for tax purposes until a final decree is issued. After separating or divorcing, update your Form W-4 with your employer and check withholding using the IRS estimator....