LWS Tax & Accounting

Good news for any year end charitable giving!

Starting with your 2026 return, you can deduct cash gifts to charity even if you take the standard deduction. That's new: for years, standard-deduction filers got zero tax benefit from giving. Now you can deduct up to $1,000 if you're single, or $2,000 if you're married filing jointly — on top of the standard deduction, not instead of it.

Fine print: it has to be cash (checks, cards, and electronic transfers count — that bag of old clothes doesn't), and it has to go to a qualifying charity.

Questions about what counts? Send us a message.

Good news from the IRS — yes, really. 😄

The IRS released the 2027 tax brackets today, and thanks to inflation adjustments, the standard deduction is going up again: $33,200 for married couples filing jointly (up from $32,200) and $16,600 for single filers (up from $16,100). Every bracket shifts up too, so you can earn a little more before hitting a higher rate.

Nobody's retiring on it — but it's the rare tax change that moves in your favor, so we'll take it. Rates themselves didn't change, just the thresholds.

Wondering what the 2027 numbers mean for your paycheck or your business? Send us a message!

IRS link in the comments.

TAX TIP TUESDAY!

A little organization goes a long way! Keep your important documents together throughout the year so you’re not scrambling to find everything when tax time rolls around.

✔️Keep your W-2s and 1099s
✔️Save receipts and potentially deductible expenses
✔️Store copies of important tax records securely

Have questions about getting organized? LWS Tax and Accounting is here to help!

Looks like you found the right place!

From tax preparation to accounting and payroll, LWS Tax and Accounting is here to help make the process a little easier.

📍Springfield OH

Not your typical accounting firm!

At LWS, we believe accounting should be about more than numbers. It’s about the people behind them.
LWS has been focused on making taxes and accounting feel less intimidating, more approachable, and even a little more enjoyable.
What started as a small local business has grown into a team that serves clients across the country, while still holding onto the personal, community-focused values that started it all.
From answering questions to building lasting relationships, our goal is simple: make accounting easier for the people we serve.
That’s the LWS experience. 📊✨

From avoiding costly mistakes to making sure you’re getting the deductions you’re eligible for, working with a tax professional can make a big difference!

At LWS Tax and Accounting, we’re here to make the process easier and provide personalized guidance for your situation.
Call LWS today at (937) 399-1100 to learn how we can help!

Taxes shouldn’t be stressful! You don’t have to handle them alone.
At LWS Tax and Accounting, we’re here to simplify your tax journey and make the process easier from start to finish. Whether you’re filing your taxes or need help with payroll and accounting, we’re here to help!

Springfield OH 📍

⭐️Client Review!⭐️
We’re so grateful for the kind words and continued support from our amazing clients! At LWS Tax and Accounting, we’re proud to provide reliable, personalized tax services right here in Springfield OH.

Thank you for choosing LWS Tax and Accounting!

Myth or Fact? 🤔💰
Think filing a tax extension means you have more time to pay what you owe? Myth!

A tax extension gives you more time to FILE, but it does not extend the deadline to pay taxes you owe.

LWS Tax can help you stay on track.

📍Springfield OH