Viktoriya Barsukova, EA, MBA

California EV Rebate 2026: Get Up to $3,500 Off Your First Electric Vehicle California Makes First-Time EV Ownership More Affordable Buying your first electric vehicle (EV) in California may now be significantly less expensive. The State of California has launched the MyFirstEV program, which provides eligible first-time zero-emission vehicle (ZEV) buyers with an instant rebate of up to $3,500 on a qualifying new vehicle or up to $1,750 on an eligible used vehicle. Unlike traditional rebate...

~ $1.2 billion in unclaimed refunds for the 2022 tax year remain outstanding. In light of a recent federal court decision, the IRS is urging taxpayers and tax professionals to act promptly, as approximately $1.2 billion in unclaimed refunds for the 2022 tax year remain outstanding. The deadline to claim these refunds is April 15, 2026. Currently, more than 1.3 million individuals have not filed a 2022 federal income tax return, potentially leaving substantial refunds uncollected. These...

How to split an IRS refund using Form 8888 Form 8888 lets taxpayers split a federal tax refund into up to three accounts for savings, retirement contributions or other financial goals Many taxpayers look forward to receiving a tax refund each year, but not everyone realizes they can divide that refund into multiple deposits. The IRS allows taxpayers to split their federal refund into several accounts using Form 8888, Allocation of Refund. For tax professionals, understanding how this process...