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Does OBBBA Change How Social Security Is Taxed for Chattanooga Retirees?
“The more sand that has escaped from the hourglass of our life, the clearer we should see through it.” ―Jean-Paul SartreQuick Answers: How Does OBBBA Change How Social Security Is Taxed?Many retirees 65+ will see a lower overall tax bill in 2025–2028 thanks to the...
When Chattanooga Taxpayers Need More Than the IRS Payment Agreement Phone Number
Quick Answers: Reduced IRS staffing could mean longer hold times and even an inability to talk to a real person on the other side of the IRS payment agreement phone number. The IRS encourages you to use your IRS Online Account to see balances, confirm...
No Taxes on Overtime: Bigger Paychecks for Chattanooga Workers?
“The trouble with the world is not that people know too little; it's that they know so many things that just aren't so.” —Mark TwainQuick Answers: How Much Will I Actually Save With No Taxes On Overtime?You’ll still pay Social Security and Medicare (FICA) tax on...
Chattanooga Families: Will Updating My W4 Tax Form Boost My Paycheck?
“A man should never neglect his family for business.” —Walt Disney Quick Answers: Will Updating My W4 Tax Form Increase My Paycheck?Child Tax Credit (CTC) is going up to 2.2K per child, but many will need to update their W4 to see that reflected in...
Nonprofit Audit Triggers That Put Chattanooga Nonprofits at Risk
Quick Answers: The IRS zeroes in on late or inaccurate Form 990 filings, which are the #1 cause of nonprofit audits. Insider benefits (like inflated executive pay or personal expenses paid with nonprofit funds) almost guarantee IRS attention. Clear...
Itemizing Deductions This Year? Chattanooga Taxpayers, Read This
“If a window of opportunity appears, don't pull down the shade.” —Tom Peters Quick Answers: 2026 Charitable Giving Changes Under OBBBAIn 2026, itemizers can only deduct gifts above 0.5 percent of taxable income, and the 60 percent AGI limit becomes...
What’s the Last Day to File Taxes on Extension, Chattanooga Taxpayers?
“No plan ever failed due to good planning.” —Jury Nel Quick Answers: What’s the Last Day to File Taxes on Extension?October 15, 2025, is the last day to file your 2024 federal return if you filed an extension back in April. If you still owe, penalties and...
Will the IRS Really Settle Chattanooga Owers’ Tax Debt for Pennies on the Dollar?
Quick Answers: Can the IRS Really Settle My Tax Debt for Pennies on the Dollar?The IRS allows certain taxpayers to settle for less than they owe through an Offer in Compromise (OIC). In fiscal year 2024, about 4 out of 5 offers got rejected by the...
Chattanooga Tipped Workers: What Does No Tax On Tips Really Mean?
Did you happen to catch that post floating around social media last week about 1.39K stimulus checks being mailed out? The post got shared and reshared like wildfire… but here’s the thing: it wasn’t true.The IRS had to step in on their official X account and post...