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Posts By: Brett W. Neate, CPA, MTax
Knowledge Before College: Navigating the FAFSA

Knowledge Before College: Navigating the FAFSA

Beginning this week, we will kick off a series of FAFSA-related articles that will visit topics and scenarios related to financial aid, navigating the FAFSA process, how your income or your taxes play into the FAFSA and important dates for timely form filing. Piggy_bank_FAFSA.jpg

Piggy_bank_FAFSA.jpgFrom divorced parents, to income variances, to which college savings plan is right for your family, we’ll address these topics and much more. This series is a great resource for parents preparing to send their child to college or degree-seeking adults entering the education marketplace.

FAFSA: The Nitty and the Gritty
First in a series

We all have our favorite seasons – spring, summer, baseball, football. As a CPA, I have tax season, and, if you are parent of a college-bound student, you know all too well, it is FAFSA season. Why should an event that seems invasive, confusing, and stressful be given such a lofty ranking?  How about a chance at free money?

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Understanding the Changes to Tax on Overtime Pay

The recently enacted One Big Beautiful Bill Act introduces a major change to the federal tax code, delivering welcome news for both employees and employers for tax years 2025 through 2028, as qualified overtime pay will not be subject to Federal income tax. This move...

Charitable Contribution Limitations Under H.R. 1

The One Big Beautiful Bill Act (OBBBA), also known as H.R. 1, was signed into law in July 2025, bringing significant changes to the rules governing charitable contribution deductions for taxpayers who itemize. If you regularly make charitable donations and claim them...

Depreciation: One Big Beautiful Bonus

The One Big Beautiful Bill Act (OBBBA) brings a host of impactful tax changes, and one of the most significant for businesses is the enhancement of bonus depreciation. This provision is designed to provide immediate tax relief and incentivize investment in new assets....

Get Back When You Give Back: New Universal Charitable Deduction

Beginning in 2026, a significant tax benefit will be available for taxpayers who make charitable donations, even if they do not itemize deductions on their tax returns. Historically, only those who itemized were able to deduct charitable contributions, which left many...

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