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What the “One Big Beautiful Bill” Means to You
Explore how the 2025 One Big Beautiful Bill (OBBB) reshapes federal taxes, healthcare, and investment incentives. Learn what it means for families, retirees, and business owners — and how Lenning & Associates can help you plan ahead.
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The Black History Month 2023 - “Black Resistance”
We hope you have taken the time to learn something this past month, but it's never too late to educate!Since 1976, every American president has designated February as Black History Month and endorsed a specific theme.The Black History...
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IRS: May 15 tax deadline extended to Oct. 16 for disaster areas.
The Internal Revenue Service announced, disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16, 2023, to file various federal individual and business tax returns and make tax payments....
Read MoreMillions faithfully file their 1040 forms each April. But some things about federal income taxes may
Millions faithfully file their 1040 forms each April. But some things about federal income taxes may surprise you.The tax code is so complex that, if tax compliance were an industry, it would employ more than three million full-time...
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Happy New Year - 2022 into 2023
A new year is on the horizon. Each day that comes presents something new and exciting both for you and the people in your life.Is this the year you open the door to something new and exciting? Embark on some new travel adventure? Or...
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Wishing you a Joyous Kwanzaa!
Learning, family, and celebration. Kwanzaa is here and that means it's time to connect with your loved ones and community, and to celebrate your African and African American culture.May all the Kwanzaa blessings be shared around your...
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Merry Christmas
From our family (business) to yours!Wishing you and your loved ones a warm and joyful Christmas. May your holiday celebrations be filled with good cheer, wonderful surprises, and memories to last a lifetime.
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Are you prepared to file your 2022 tax return?
Are you prepared to file your 2022 tax return? This link from the IRS website might help! Check out the handful of tools included here.Still don't feel confident you are ready to file a tax return? Let us help!Whether you are an...
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Happy Hanukkah!
Hanukkah is observed for eight nights and days by lighting the candles of a candelabrum with nine branches, commonly called a menorah or hanukkiah. Each night, one additional candle is lit by the shammash until all eight candles are...
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We’ll be out of the office
Quick update for you: due to the upcoming holidays, our office will be closed on the following days.Whether it be questions on tax planning or tax preparation, bookkeeping or payroll, we want to be here for you!If you need to get in...
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The year isn't over yet!
When it comes to tax-deductible retirement savings, the year doesn't end on December 31st. You may contribute to your Traditional or Roth IRA until April 15th, and making a deductible contribution may help you lower your tax bill...
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The IRS announced adjustments for 2023
The IRS announced adjustments for 2023, which address a few key areas: https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2023. What does that mean for you? There are changes to capital gains tax...
Read MoreTax-Loss Harvesting
Tax-Loss HarvestingA useful year-end move to counteract capital gains.Even though this may end up being a subpar year for stocks, you may realize capital gains, which is a taxable event. What can you do about them? You can do what some...
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