Legacy Professionals News
Recent Updates
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Our Annual Tax Releases are now posted. The Releases include: Third Party Payments of Sick Pay, W-4P and W-4R Release, 2025 Automobile Rules, and 2025
- Tax Info, Year End Tax Releases
Many tax figures are annually adjusted for inflation and typically increase each year (or at least every few years). For 2026, some additional changes are
- Individual Tax Alerts, Tax Info
The One Big Beautiful Bill Act (OBBBA) creates a new type of tax-advantaged account for eligible children. Section 530A accounts, also known as “Trump accounts,”
- Individual Tax Alerts, Tax Info
Beginning in 2026, individuals who itemize deductions and donate to charity will face a new limit on their charitable deductions. And in some cases, they’ll
- Individual Tax Alerts, Tax Info
The One Big Beautiful Bill Act (OBBBA) creates new income tax deductions for tax years 2025 through 2028 for qualified cash tips and overtime compensation.
- Emerging Tax and Regulations Alert, Individual Tax Alerts
“Fiduciary” is a term that gets thrown around a lot these days. But what does it really mean — and to whom should it apply?
- Nonprofit Updates
You likely have a lot of things to do between now and the end of the year, such as holiday shopping, donating to your favorite
- Individual Tax Alerts
Using independent contractors can save nonprofits money. There’s no long-term commitment, and contractors pay self-employment tax rather than your organization having to pay the employer
- Nonprofit Updates
Your employees and volunteers have likely worked hard this year, seizing opportunities and overcoming challenges in the pursuit of your nonprofit’s mission. Many of your
- Nonprofit Updates
If you have a flexible spending account (FSA) through your employer to help pay for health or dependent care expenses, now’s a good time to
- Individual Tax Alerts, Tax Info
Your not-for-profit may invest valuable time and effort in its grant proposals. So it’s understandable that you’d be thrilled when proposals are given the green
- Tax Info
Legacy Partners Tim Cibulka, Eileen Brassil, Eric Baertsch, Michael Tiberi, Eric Wallin, Edison Uschold, and Dave Zabrecky attended the International Foundation of Employee Benefit Plans
- Employee Benefit Plan News, Out and About
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