Person using a calculator and laptop to plan retirement contributions under the 401(k) limit increases to $24,500 for 2026.

401(k) Limit Increases To $24,500 For 2026: What It Means For Your Retirement Savings

The 401(k) limit increases to $24,500 for 2026 and IRA limits rise too. Learn what the new retirement contribution limits mean for your savings strategy.
Woman reviewing tax forms and payroll information on a laptop, representing IRS penalty relief for tip and overtime reporting in 2025.

Penalty Relief For 2025 Tip And Overtime Reporting: What Employers Need To Know

The IRS is offering 2025 penalty relief for tip and overtime reporting. Learn what this transition year means for employers and when to talk to a CPA.
Small business owner reviewing Form 1099-K and online payment app reports under the $20,000 Form 1099-K threshold.

Form 1099-K Threshold Back to $20,000: What You Need to Know

The Form 1099-K threshold is back to $20,000 and 200 transactions. See what this means for your online payments and when to call a tax professional.
Featured image for IRS mailing address change: hands placing a document into a kraft envelope on a wooden desk.

IRS mailing address change for Form 1040-V and 1040-ES: where to mail checks in 2025

The IRS mailing address change affects Form 1040-V and 1040-ES. See the new Louisville and Charlotte PO Boxes and when to use each. If you are unsure, we can help.
Featured image for One Big Beautiful Bill Act deductions: two people reviewing a pay stub with a calculator at a kitchen table.

One Big Beautiful Bill Act deductions: what working Americans and seniors can claim in 2025

Learn which One Big Beautiful Bill Act deductions may lower your 2025 taxes, including tips, overtime, car-loan interest, and a new senior deduction. We can help.
Featured image for how to know it’s the IRS: white envelope sealed with red wax and a brass stamp on a wooden desk.

How to know it’s the IRS: Simple ways to verify real IRS contact

Wondering how to know it’s the IRS? Learn how real IRS contact works, what scammers do, and how to report suspicious messages. If you’re unsure, we can help.
Hands reviewing tax and finances documents, invoices, and calculator on a desk, highlighting summer activities that impact your tax return.

Summer Activities That Could Impact Your Next Tax Return

Summer activities that impact your tax return: Marriage, day camp, business travel, gig income, and home upgrades may all have tax consequences. Learn more with Torkelson & Associates CPAs.
Stacks of important paper records and documents stored in a box and envelopes, illustrating the need to protect important records from natural disaster.

Protect Important Records from Natural Disaster

Protect important records from natural disaster: The IRS urges you to secure vital tax and financial documents before disaster strikes. Torkelson & Associates CPAs can help you prepare—contact us for support.
IRS Online Account login page on an iMac screen in a modern home office setup.

IRS Reminds Taxpayers: Create or Access Your IRS Online Account Today

The IRS is reminding taxpayers to create or log into their IRS Online Account before tax season. Learn why it matters and how Torkelson & Associates can help.
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