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Talking Tax
Welcome to the 2026 Tax Season!
Welcome to the 2026 Tax Season!
As your trusted tax advisors, we want you prepared for this year’s tax changes. The newest federal tax law (OB3) and recent updates from the IRS and California Franchise Tax Board bring important changes for individuals, families, and businesses. Here’s what you need to know for a smooth and successful tax season.
2025 OB3 Update 3
As your trusted tax advisors, we’ll walk you through the latest tax updates in plain language, share real-world examples, and give you strategies you can use today. From hospitality, service workers, and beyond, we'll help you understand this new tax benefit, and how best to make informed financial decisions.
You’ll learn:
• Who qualifies for the new deduction and when it applies.
• How it affects federal and California state returns.
• The steps to take before year-end to reduce your tax bill.
• How to keep great records to maximize your benefit.
2025 OB3 Update 1
If you're considering solar power or backup battery systems, now is the time to act, as installations must be completed by December 31st, 2025, to qualify for the 30% federal tax credit. Additionally, qualified electric vehicle tax credits will expire for vehicles delivered after September 30th, 2025. New for 2025, an Auto Loan Interest Deduction for qualified vehicles purchased from January 1, 2025.
2025 Tax Season Newsletter
2024 Tax Season Newsletter
In 2024, TMG begins our 17th year serving our clients and community. We're excited to begin another year and eager to get this tax season underway.