Join EG Tax in the Walk to End Alzheimer’s
EG Tax is proud to support the 2026 Walk to End Alzheimer’s – Niagara County, NY on Saturday, October 17, 2026. This inspiring event brings our community together to raise awareness, support those affected by Alzheimer’s disease, and help fund the search for a brighter future.
We invite our c…
Bought a New Car in 2026?
Click the file attached to see if your car qualifies for the new car loan interest deduction.
Vehicle List for Interest DeductionDownload
Weekly Tax Tips!
Trump Savings Account: Children who are U.S. citizens and 18 and under qualify for the account.
The federal grant of $1,000 is automatically deposited for children born January 1, 2025, to December 31, 2028 once the account is open
The contribution limit is $5,000 per year per child
Go…
Weekly Tax Tips
YOU ARE A SENIOR 65 +? You may still have to pay taxes on your social security, however, for seniors you will receive UP TO $6000 for each qualifying taxpayer as an added deduction! (THAT IS HUGE). Other deductions for seniors include a stepped up standard deduction making your taxes LESS taxing…
Weekly Tax Tip!
Children under the age of 4 will receive a deposit from The Federal government in the amount of $1000 to be used as an IRA type investment. However, parents can annually contribute up to $5000 after tax dollars to the account (which will grow tax deferred). Finally, at age 18 the child may withd…
Weekly Tax Tips
The SALT DEDUCTION (state and local taxes) which was limited to $10,000 is now up to $40,000! This could mean more people will be itemizing on their returns. New Yorkers…. this helps! Income limit $500,000
Weekly tax Tips
Children under the age of 4 will receive a deposit from the Federal government in the amount of $1000 to be used as an IRA type investment. However, parents can annually contribute up to $5000 after tax dollars to the account (which will grow tax deferred). Finally, at age 18 the child may withd…
Weekly Tax Tip
The new deduction for tip income on businesses such as barber, nail salons, waiter/waitress or other personal service businesses where tipping is customary. The deduction for those taxpayers is up to $25,000*!
President Elect Trump #47
President Elect Trump #47, and Former President Trump #45 VICTORIOUS !!! We are so excited over here that all of the political advertisements for the presidential election will now be behind us. There is no doubt that President Trump and his team have a momentous task in front of them. Thus, …
Weekly Tax Tip
IF you need extra money to beat inflation you could always sell your personal items. IF they are sold at a loss the money you receive for it is tax free. Ex – You sell an old swing set that you purchased for $1,500 10 years ago for $200, than that $200 is tax free.