Tax Planning

Big Beautiful Bill Act: Major Tax Law Changes That Could Impact Your Finances

The Big Beautiful Bill Act introduces major tax changes you need to know. From making lower tax brackets permanent to increasing the standard deduction and boosting the Child Tax Credit, this legislation reshapes how Americans will file and plan for years ahead. The SALT deduction cap is also temporarily lifted, offering relief for high-tax states. Explore how these updates could impact your tax bill and what steps to take to prepare. Stay informed and empowered with Whitaker-Myers.

Whitaker‑Myers Wealth Managers Celebrates Associate Financial Advisor David Gearhart Earning IRS Enrolled Agent Designation

Associate Financial Advisor David Gearhart earned his Enrolled Agent designation, strengthening Whitaker‑Myers Wealth Managers commitment to integrated tax-smart financial planning for our clients.

Breaking Free from Concentrated Stock Risk: How Section 351 ETF Conversions Empower Investors

How to use section 351 ETF conversion to diversify concentrated stock positions.

Clay Reynolds Earns Enrolled Agent Designation, Expanding Tax Expertise at Whitaker-Myers Wealth Managers

Clay Reynolds earns his Enrolled Agent designation from the IRS.

Common Forms for Taxes

Taxes can be confusing, but working with a CPA early helps avoid last-minute stress. Key tax forms to bring include W-2s, 1099s (NEC, R, SSA), and investment forms like 5498 and 1099-Composite. Understanding these forms ensures accurate filing. For guidance or help with your 2025 taxes, Whitaker-Myers Tax Advisors is ready to assist you through the process.

The Overlooked Tax Credit: The Residential Clean Energy Tax Credit

Homeowners who install energy-efficient systems like heat pumps, skylights, or biomass stoves may qualify for the Residential Clean Energy Tax Credit—worth up to 30% of the cost. Caps apply, such as $2,000 for heat pumps and $600 for windows. To claim it, file IRS Form 5695 with your tax return. Before starting home upgrades, consult a tax professional to ensure eligibility. Whitaker Myers offers financial and tax guidance to help you save more this tax season.