DW Hockman Financial Services, LLC

DW Hockman Financial Services, LLC D.W Hockman Financial Services, LLC is an Accounting Firm in Meridian, Idaho. https://www.dwhfs.com/ Celebrating 30 years of service!

D.W Hockman Financial Services, LLC is an Accounting Firm in Meridian, Idaho offering small to medium business accounting, bookkeeping, payroll, business, individual income tax preparation, tax planning and financial statement services. Our mission statement and goal is to “Minimize your Federal and State Taxes and Maximize your WEALTH.” We know that Taxes and Accounting can be complicated. Let our firm take care of the details for you so you have more time to devote to your business!

Summer Activities and Taxes – Did You Know?Summer is a time to relax and have fun, but some seasonal activities may have...
06/01/2026

Summer Activities and Taxes – Did You Know?

Summer is a time to relax and have fun, but some seasonal activities may have tax consequences. Being aware of them now may save you time and hassle later.

If your child attends a day camp so you can work or look for work, some of the cost may qualify for the Child and Dependent Care Credit. Be sure to keep records and obtain the camp's tax identification information. Idaho law may also give you a deduction of up to $12,000 for eligible expenses. (Overnight camps do not qualify for the credit.)

Students with summer jobs may be entitled to tax refunds if income tax is withheld from their pay. Adults earning income from seasonal, part-time, or gig work may not have enough tax withheld from their earnings. This can require additional withholding or quarterly estimated tax payments to avoid penalties. Be sure to file a return to report this income and claim any refunds you may be due.

Summer is also a popular wedding season. If you change your name after marriage, update your records with the Social Security Administration. If you move, update your address with the IRS by submitting Form 8822 (Change of Address) and submit a new Federal Form W-4 and State Form W-4 to your employer so your withholding reflects your current tax situation. Don’t forget to update USPS as well.

Follow DWHFS for practical tax tips that help you avoid filing mistakes.
Questions about summer tax changes? Call (208) 938-0701 or email [email protected]

National 529 Day – Did You Know?If you put money into a 529 education savings plan, earnings may be withdrawn federal in...
05/29/2026

National 529 Day – Did You Know?

If you put money into a 529 education savings plan, earnings may be withdrawn federal income tax-free when used for qualified education expenses. Qualified expenses can include tuition, fees, books, supplies, computers, and for students enrolled at least half-time, certain room and board costs.

While 529 contributions are not deductible for federal income tax purposes, many states offer a full or partial state income tax deduction or credit for contributions. Some states and plan sponsors may also offer special incentives around National 529 Day.

Recent law changes expanded the use of 529 plans. In 2026, up to $20,000 per year, per student, may be used for qualified K–12 education expenses at public, private, or religious schools. Prior years were generally limited to $10,000 annually.

Need a vacation from bookkeeping? Give us a call! - DWHFS Staff
05/28/2026

Need a vacation from bookkeeping? Give us a call! - DWHFS Staff

Never forget.
05/26/2026

Never forget.

Qualifying Dependents – Did You Know?In addition to your qualifying children and qualifying relatives, a number of other...
05/18/2026

Qualifying Dependents – Did You Know?

In addition to your qualifying children and qualifying relatives, a number of other individuals may qualify as your dependents for tax purposes. Important factors can include the person's income, the amount of support you provide, and how much of the year the person lives with you. Even a non-relative member of your household who lives with you year-round might be eligible as a dependent.

Follow DWHFS for weekly tax tips that help you avoid filing mistakes.

Questions about dependents? We’re happy to help - call (208) 938-0701 or email [email protected]

Health Savings Accounts - Did You Know?Changing jobs? If you have a health savings account (HSA), you can take it with y...
05/11/2026

Health Savings Accounts - Did You Know?

Changing jobs? If you have a health savings account (HSA), you can take it with you. Unlike flexible spending accounts (FSAs), which are employer-sponsored, your HSA belongs to you. You can continue using your HSA funds after leaving the job where you opened the account. However, you may make new HSA contributions only if you remain eligible to contribute. (Eligibility is month to month and requires HDHP coverage on the first day of the month for which contributions are made.)

To remain eligible, you must have an HSA-eligible high-deductible health plan (HDHP) and no disqualifying coverage. (You cannot be enrolled in Medicare for the months you contribute to your HSA, and you cannot contribute if you are claimed as a dependent on another person’s tax return.)

Our first partner in success is Mom, and today we honor her! Thank you to all mothers for being the steady guiding force...
05/10/2026

Our first partner in success is Mom, and today we honor her! Thank you to all mothers for being the steady guiding force that helps families thrive. Happy Mother’s Day! – DWHFS Staff

Receiving Online Payments - Did You Know?If you are self-employed, and receive payments through online payment processin...
05/04/2026

Receiving Online Payments - Did You Know?

If you are self-employed, and receive payments through online payment processing platforms, take care to separate business and personal transactions. You can do this by setting up separate business accounts on the platforms, or by using features that allow you to specify the purpose of payments. Otherwise, the platforms may over-report your income.

Updated Withholding Estimator Available for 2026Having the right amount of tax withheld from your pay protects you again...
04/27/2026

Updated Withholding Estimator Available for 2026

Having the right amount of tax withheld from your pay protects you against unpleasant spring surprises, while ensuring that you do not sacrifice take-home pay. The IRS recently made important updates to its Withholding Estimator tool (link in comments) to account for tax law changes enacted in 2025. Those changes include the "No Tax on Tips" and "No Tax on Overtime" deductions, the car loan interest deduction and special deduction for seniors, as well as the new deduction rules for charitable donations.

Verifying the accuracy of your withholding multiple times a year is especially important if you and your spouse both work, work multiple jobs, or have self-employment or investment income, or if you owed tax this spring. It is also a good idea to complete a withholding checkup anytime you experience a major life change, like marriage, or the birth or adoption of a child. Using the Withholding Estimator typically takes 25 minutes or less, and you do not have to log in or provide any identifying information. If an adjustment to your withholding is needed, the tool can help you complete a new W-4 form to submit to your employer.




IRS Impersonation Scams – Did You Know?Criminals continue to use IRS impersonation scams to steal money and personal inf...
04/20/2026

IRS Impersonation Scams – Did You Know?

Criminals continue to use IRS impersonation scams to steal money and personal information. Understanding how the IRS communicates can help you recognize and avoid these schemes.

The IRS initiates contact by sending a letter through the mail on official letterhead. If you have an IRS online account, you can log in to verify whether a notice is legitimate. If you are unsure, you can contact the IRS at 800-829-1040.
Scammers, however, often pose as the IRS in several ways:

•Mail: Fake letters may look official but include incorrect contact details or suspicious language such as “in relation to your unclaimed refund.”

•eMail or Text: The IRS does not contact anyone this way. Messages promising refunds, credits, or urgent fixes often contain links to fraudulent websites designed to steal your information.

•Phone: Scammers may leave threatening messages or demand immediate payment using gift cards or other unusual methods—tactics the IRS does not use.

•In Person: Unannounced visits are rare. Most legitimate IRS appointments are scheduled ahead of time by letter. Again, always verify by checking your IRS online account, or by calling the IRS!

If you suspect a scam, do not respond, click links or share information! Instead, contact the IRS using an official phone number to verify the situation.

Address

3142 W Belltower
Meridian, ID
83646

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm

Telephone

+12089380701

Website

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