2025 Tax Prep, Planning & Strategy Insights

Making the most of the new deduction for seniors | accounting firms in baltimore | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Making the most of the new deduction for seniors

For 2025 through 2028, individuals age 65 or older generally can claim a new “senior” deduction of up to $6,000 under the One Big Beautiful…
Ready to grow your nest egg? The IRS releases 2026 retirement plan contribution limits | accountant in hunt valley md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Ready to grow your nest egg? The IRS releases 2026 retirement plan contribution limits

With Notice 2025–67, the IRS has issued its 2026 inflation-adjusted retirement plan contribution limits. Although the changes are more modest…
Minimize your business’s 2025 federal taxes by implementing year-end tax planning strategies | accountant in bel air md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Minimize your business’s 2025 federal taxes by implementing year-end tax planning strategies

The One Big Beautiful Bill Act (OBBBA) shifts the landscape for year-end tax planning. The law has significant implications for some of the most…
Boost your tax savings by donating appreciated stock instead of cash | Accountant in Bel Air MD | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Boost your tax savings by donating appreciated stock instead of cash

Saving taxes probably isn’t your primary reason for supporting your favorite charities. But tax deductions can be a valuable added benefit.…
4 year-end planning steps to trim your 2025 taxes | cpa in harford county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

4 year-end planning steps to trim your 2025 taxes

Now is the time of year when taxpayers search for last-minute moves to reduce their federal income tax liability. Adding to the complexity this…
The 2025 SALT deduction cap increase might save you substantial taxes | cpa in hunt valley md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

The 2025 SALT deduction cap increase might save you substantial taxes

If you pay more than $10,000 in state and local taxes (SALT), a provision of the One Big Beautiful Bill Act (OBBBA) could significantly reduce…

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