The state and local tax (SALT) deduction allows taxpayers who itemize deductions on their federal tax returns to deduct state and local taxes paid from their federal taxable income. This includes Minnesota state income tax, local property tax, and certain sales taxes. Thanks to a recent change made by the [...]
Starting in 2026, new federal guidance may change how certain tips and overtime wages are tracked and reported on employee Forms W-2. While payroll withholding is not changing, employers may need to review payroll setup to ensure earnings are coded correctly—especially for distinguishing qualified vs. non-qualified tips and qualified vs. non-qualified overtime for reporting purposes. Please note: Payroll withholding requirements have not changed. Qualified [...]
When preparing your 2026 tax return, one of the most important decisions you’ll make is whether to take the standard deduction or itemize your deductions. This choice can have a significant impact on your taxable income—and ultimately, the amount of tax you owe or your refund. Understanding the benefits and [...]
As the year draws to a close, it’s a good time to revisit one often-overlooked aspect of tax planning: estimated tax payments. For many taxpayers—especially business owners, self-employed individuals, and those with investment income—estimated taxes are a critical part of staying compliant and avoiding surprises at tax time. What Are [...]
Passive income is an excellent way to build long-term wealth – but just like earned income, it’s subject to taxes. Without proper planning, those taxes can eat away a substantial percentage of your returns. Fortunately, there are smart, strategic ways to reduce your tax burden and keep more of your [...]
Introducing Our New Client Portal We’re excited to share some exciting news — our firm has launched a new client document gather and delivery portal, designed to make your tax experience simpler, faster, and more secure! With the new portal, everything you need for your tax engagement is now in [...]
By Laura Rohwer Minnesota Employers: What You Need to Know and Do As 2026 approaches, Minnesota employers face a wide range of HR compliance updates--from paid leave to payroll deductions, retirement plan mandates, and new federal catch-up contribution rules. Below is a comprehensive summary of key changes to help your [...]
Giving back is one of the most rewarding ways to make a difference — and it can also be a smart part of your tax strategy. With proper planning, your charitable contributions can benefit both the causes you care about and your personal financial goals. At DHA CPAs, we help [...]
By Kelsey Gustafson As we wrap up the year, it is time to begin preparing Form 1099-NEC/MISC for 2025. As always, DHA is here to support you in this process. This communication is to inform you of some updates for 2025 filing and let you know what to expect. What’s [...]
By Kelsey Gustafson When it comes to tax reporting, one area that often causes confusion is Self-Employed (SE) Health Insurance. If you’re an owner of a business, this is an important item to get right — both for tax compliance and for maximizing deductions. What is SE Health? “SE Health” [...]