8 Tax Law Changes in 2026

8 Tax Law Changes in 2026: What Individual Taxpayers Should Know

The One Big Beautiful Bill Act (OBBBA) was signed into law in 2025 and made sweeping changes across the tax code. While some provisions took effect immediately, several significant individual tax changes did not become effective until January 1, 2026. Now that we are more than halfway through 2026, many taxpayers may not realize just how many of these changes…

Read More→

Missouri’s Homestead Disaster Tax Credit: What It Is, and Why Payments Are Delayed

Following the severe storms and tornadoes that impacted many Missouri communities in 2025, the Missouri legislature created a new tax credit intended to provide relief to affected homeowners and renters. This credit, known as the Homestead Disaster Tax Credit, is designed to help offset insurance deductibles paid on disaster‑related claims involving a taxpayer’s primary residence. Eligible taxpayers may qualify for…

Read More→

The IRS Is Moving Away From Paper Checks: What Individual Taxpayers Need to Know | Krilogy Tax Services

As part of Executive Order 14247, “Modernizing Payments To and From America’s Bank Account,” the U.S. Treasury and IRS have begun a major transition toward fully electronic payments, both the refunds taxpayers receive, and the payments taxpayers send to the IRS. The goal is to increase security, reduce fraud, speed up processing, and cut the costs and delays associated with…

Read More→

Using the “Erase and Replace” Strategy with IRA Rollovers to Manage Tax Withholding | Krilogy Tax Services

Tax planning often involves finding creative ways to meet IRS requirements while optimizing cash flow. One strategy that can achieve both goals is the “erase and replace” approach, where a taxpayer uses their once-a-year IRA rollover to withhold taxes and redeposit the full amount back into their IRA; this method not only satisfies tax obligations but also takes advantage of…

Read More→

Year-End Tax Planning Tips for 2024: What to Consider Before December 31st

As the year draws to a close, it’s an opportune time to assess your tax situation and identify strategies that could reduce your tax burden. The Krilogy Tax team has compiled a list of key planning strategies for clients to consider as 2024 winds down. Roth IRA Conversions Pre-tax retirement accounts can be a ticking time bomb, as their future…

Read More→

Free Tax Tips on Social Media – You Get What You Pay For

Social media has become an integral part of our daily lives, so it’s no surprise that people turn to it for advice on a wide range of topics. However, when it comes to tax advice, social media is not the place to go. While it may be tempting to ask for help from online friends or follow the advice of…

Read More→

Could You Be Saving on Taxes by Living in a Different State? | August 2023

Could You Be Saving on Taxes by Living in a Different State? As taxpayers grow more affluent or near retirement, many begin to consider moving to a state that does not collect personal income tax.  Perhaps Florida is the state most well known as the “tax free retirement state,” but there are eight states that currently do not have an…

Read More→

Successfully Navigating Estimated Payments to a Safe Harbor | May 2023

Another tax season has come and gone, and (hopefully!) you got your return filed on time.  Did you wind up having to write a big check to the government, making you wonder “Why do I still owe taxes?”  We can help answer that question: https://www.krilogy.com/why-do-i-still-owe-taxes/ Or maybe your tax preparer gave you vouchers and instructions to make estimated tax payments…

Read More→