Doyle Tax Service ~ Ruth A. Doyle, CPA

07/11/2026

06/19/2026

DID YOU KNOW?  Children born from 2009 to 2024 qualify for a $250 deposit into their Trump account!

One of my favorite phrases is, “There’s no reason why we can’t all be millionaires when we’re ready to retire!”

Children born from 2025 to 2028 qualify for a $1000 deposit into their Trump account.
Children born from 2009 to 2024 qualify for a $250 deposit into their Trump account.
If you have children born between 2009 to 2028, make sure there is a form 4547 attached to your tax return!
If there isn’t, you can file form 4547 all by itself!

What is a Trump account? It’s an individual retirement account. The government will make the first deposit sometime on or after July 4, 2026 as long as a Form 4547 has been turned in (by you) with your child’s information  on it.
Friends and family can make additional contributions, your child might possibly be a millionaire by age 60!
There can be no withdrawals until your child turns 18. And, since it is a retirement account, there will be a penalty on withdrawals from age 18 to age 59 1/2.

05/14/2026

Just creating a trust is not enough!

I practice what I preach! Create a trust. Contact me for some basic information and a referral to an attorney who can create a trust custom tailored to your desires AND to get the appropriate assets placed into the new trust.

03/18/2026

https://scdailygazette.com/2026/03/04/proposal-to-let-sc-taxpayers-use-one-big-beautiful-bill-acts-cuts-for-1-year-advances-in-house/

The proposed adoption of the federal deductions, including no taxes on tips, would apply only for filings due April 15.

01/18/2026

Do you have a Health Savings Account? It’s time to go online and pull your tax doc for your accountant! That doc shows how much you withdrew from the account in 2025. Yes, the withdraws ARE reported on your tax return, and as long as your medical bills met or exceeded that amount, the withdraws are not taxable.

01/13/2026

New for 2026 - "No Tax on Overtime" the tax break applies to the "half" part of "time and a half" not to the entire overtime amount. If you worked overtime in 2025, your employer MUST provide that amount to you either on the W-2 (optional) or on a separate piece of paper.

01/12/2026

New in December 2025 - Don't count on a postmark to prove when you mailed a document! Sometimes docs don't get postmarked for 2-3 days after you drop them at the Post Office. That's because they often get sent to a bigger distribution center now before they get postmarked. If you MUST have the proper postmark on a document, you will need to walk up to the counter and ask a Post Office person to "hand stamp" the envelope to make sure TODAY'S date gets on the envelope.

01/12/2026

New for 2026 - Refunds must be direct deposit, so please make sure to give your Tax Preparer your account number where you would like to receive your refund.

01/02/2026

If you have health insurance through the Health Insurance Marketplace (Obamacare), then you must receive a Form 1095-A. Your accountant cannot do your taxes without this form! If you have online access to your marketplace insurance, go look for this form under Tax Documents.