Big tax changes just kicked in across the U.S. as of July 1, 2025. From lower grocery taxes in Mississippi to higher gas prices in Illinois and a new digital services tax in Maryland—these updates could impact your daily spending. Plus, the Treasury has dropped the controversial “revenge tax.” Here’s what it all means for you.

A new plan could end taxes on Social Security benefits—but at a $1.5 trillion cost to the government. Supporters say it helps retirees. Critics warn it favors the wealthy and could drain public funds. Here's what the proposal really means for your wallet, retirement, and the future of Social Security.

A new tax break could make giving feel even better. Congress is working on a plan to bring back charitable tax deductions for people who don’t itemize. Starting in 2026, you might be able to deduct up to $1,000 (or $2,000 for couples) just for giving to your favorite nonprofit or cause—even if you take the standard deduction.

This could help millions of Americans save money at tax time while supporting local communities, churches, schools, and more. In this article, we break down how the new deduction works, who qualifies, and what it could mean for your 2026 taxes.

The future of energy in Texas is at a turning point. A single decision in Washington could change everything. That’s why it's important to stay informed and speak up.

Clean energy isn’t just about saving the planet—it’s about saving money, creating jobs, and keeping Texas strong.

Let’s keep moving forward, not backward.

Estate taxes may not affect most of us directly, but the rules about them say a lot about what our country values. Should we give big breaks to the wealthy? Or should we use those funds to help everyone have a fair shot?

This tax change may sound like something just for rich people, but its effects can trickle down to you—through school funding, healthcare programs, and more.

As always, it’s a good idea to stay informed. Talk to your family. Ask questions. And when it’s time to vote, think about what kind of future you want for yourself—and for everyone.

Top investor Scott Bessent says the U.S. could face a major financial crisis if Trump’s new tax plan doesn’t pass. With rising debt and soaring interest payments, the country is on shaky ground—and lawmakers are running out of time.

This article breaks down what’s at stake, how it could affect your wallet, and why tax planning now could protect your future.

The new U.S. tax bill is big news for businesses. Some companies could save money, grow faster, and maybe even share more profits with their investors.

But if you're hoping for big stock market gains, don’t hold your breath.

This bill helps businesses more than investors—and even then, the gains may be small. Still, understanding what’s happening can help you make better decisions.

If you’re not sure what this means for your own investments, now is a great time to speak with a financial advisor.

Smart investing is about staying steady, not chasing headlines.

If you're a U.S. citizen living abroad, the IRS says your 2024 tax return is due by June 16, 2025. Even though you have extra time, don’t delay. File your return, pay any taxes you owe, and stay on the IRS’s good side. Need help? Reach out—we’re here for you.

The IRS layoffs may seem like a quiet story—but they could affect millions of Americans. If you're counting on a quick tax refund or need help with your return, now’s the time to act smart.

Filing early, e-filing, and choosing direct deposit can help you stay ahead—even when the IRS is short-staffed.

And if you need help making sure your return is correct and on time, we’re here for you.

Saving money can be hard. But the new MAGA and USA Accounts might make it easier for many families across the U.S. With tax-free growth, flexible spending, and even a $1,000 bonus for babies, these accounts could help millions of people build a stronger financial future.

Want to stay updated? Follow the news and talk to a tax expert or financial advisor. They can help you understand how to prepare if these accounts become available.

The fight over the 2017 tax cuts is heating up. Some people want to keep the cuts going forever. Others say it would cost too much and add to the national debt.

No matter what side you're on, one thing is clear: this decision will have a big impact on your wallet, your community, and the country’s future. So it’s important to understand what’s happening and pay attention to the news.

We’ll keep you updated as Congress decides what to do. In the meantime, talk to your family, plan ahead, and make your voice heard.

2025 is shaping up to be a great year for taxpayers. Bigger refunds and faster payments mean more money when you need it. Just make sure you file early, check your return carefully, and use direct deposit.

And remember—Elite Consulting PC is here to help you every step of the way. Whether it’s finding extra savings or making sure you don’t miss deadlines, they make tax time easier (and more rewarding) for you.

President Trump’s new 10% import tariff is making waves—and prices—go up. From shopping on Temu to everyday goods, American families are feeling the impact. Find out what’s happening, why it matters, and how to shop smart in 2025.

Donald Trump is pushing back against new tax hikes on millionaires, warning it could send the rich packing. But what does that mean for everyday taxpayers? Discover how upcoming tax changes could affect you — and how a CPA can help you save legally and smartly.

Climate nonprofits in the U.S. are facing new threats to their tax-exempt status under proposed actions by President Trump. This article explains what could change, how it impacts environmental charities, and what legal and public responses are underway—all in simple language anyone can understand.

The IRS is under fire after its acting commissioner resigned over a controversial agreement to share tax data with ICE. This blog breaks down what the deal means, why it’s raising concerns about taxpayer privacy, and how it could impact undocumented immigrants and the future of tax reporting in the U.S.

A new Gallup poll shows that fewer Americans believe the tax system is fair, with public trust hitting near record lows in 2025. Discover what’s driving this sentiment and how it could impact you.

Congress is currently deciding whether to extend President Trump's 2017 tax cuts, a decision that could greatly impact your family's budget and future plans. Understand what these tax changes might mean for your finances, job opportunities, the health of the economy, and the growing national debt. Stay informed and prepared!

The United States has pulled out of the global minimum corporate tax agreement, raising concerns about the future of international tax reform. This blog breaks down what the deal was, why the U.S. withdrawal matters, and how it could affect businesses, governments, and everyday people around the world — all explained in simple, easy-to-understand language.

The IRS has extended tax deadlines for individuals and businesses impacted by wildfires and storms across California, Alabama, Florida, and more. Learn who qualifies, the new 2025 deadlines, and what steps to take if you're in a federally declared disaster area.