E & M Tax and Accounting Services

01/28/2026

IRS is phasing out paper tax refund checks. Moving forward, the IRS will issue tax refunds electronically through direct deposit and other digital methods.

01/10/2026

2026 Tax filing season starts on January 26, 2026.

01/02/2026

Possible Causes for Refund Delays:

There are several common reasons why your refund could be delayed. Understanding these factors can help you identify any potential issues and manage your expectations during the process.

1) Paper Filing Backlog

The IRS processes paper returns slowly, do E-file and choose direct deposit.

2) Required Delays for Certain Tax Credits

Legally, the IRS is not allowed to issue refunds before mid-February for tax returns that claim the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC), regardless of how early you submit your return.

3) Mistakes or Missing Information

Minor mistakes may result in significant delays

4) Identity Checks and Fraud Prevention

The IRS has security measures in place that flag tax returns potentially linked to identity theft. If your return is flagged, your refund will be on hold until you verify your identity.

240-579-4929
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12/18/2025

Get ready to file your 2025 taxes, gather and organize your tax records.
Wait to file until you have your tax records including:
• Forms W-2 from your employer(s)
• Forms 1099 from banks and other payers including unemployment compensation, dividends, pension, annuity or retirement plan distributions
• Form 1099-K, 1099-NEC, if you worked in the gig economy
• Form 1099-INT if you were paid interest
• Other income documents of digital asset transactions
• Form 1095-A, Health Insurance Marketplace Statement, to reconcile advance payments or claims for Premium Tax Credits for 2025 Marketplace coverage
• CP01A Notice with your new Identity Protection PIN

12/06/2025

New deductions on 2025 tax return:

1) Up to $10,000 in interest on personal vehicle loans is deductible if the vehicle is bought in 2025.

2) For jobs that the IRS recognizes as customarily and regularly tipped, up to $25,000 of qualified tips are not subject to tax.

3) Individuals can exclude $12,500 of qualified overtime compensation from tax (single filers) or $25,000 (joint filers).

4) Individuals who are age 65 and older may claim an additional deduction of $6,000.

01/15/2025

IRS starts accepting tax returns on January 27.

IR-2025-08, Jan. 10, 2025 — The Internal Revenue Service today announced that the nation’s 2025 tax season will start on Monday, Jan. 27, 2025, and will feature expanded and enhanced tools to help taxpayers as a result of the agency’s historic modernization efforts.