“One Big Beautiful Bill Act” – a summary of Tax Code Changes & Effects
To see a summary of the tax code changes that may effect you from the 2025 “OBBBA,” as signed by President Trump; including changed deductions, new deductions, income exclusions, and more, see here:
New 2025 W-4’s Available
Federal: The new W-4, based on the evolving tax structure, is now available. You can get a fillable copy of the form at the IRS website: https://www.irs.gov/pub/irs-pdf/fw4.pdf.
W-2 employees, please fill this out to the best of your ability (just follow the instructions as listed), and give it to your HR representative at work, or your payroll company.
Oregon: If you are maximizing your withholdings on your federal Form W-4, but are still not having enough income withheld for Oregon income taxes, you may want to file the new Oregon W-4 with your HR or payroll department, also; it can be found here: https://www.oregon.gov/dor/forms/FormsPubs/form-or-W-4_101-402_2025.pdf.
With instructions here: https://www.oregon.gov/dor/forms/FormsPubs/form-or-W-4-instr_101-402-1_2025.pdf.
The IRS Can Use 3rd Party Collectors: Be Wary Of Tax Scams & Threatening Phone Calls
The IRS and the Oregon Department of Revenue will not notify you of tax you owe via phone (or email, likely), they will do so via mail. So, if you receive such a phone call, with threats included, do not believe them or give them a second thought. Ryan Martin of CBS MoneyWatch recently posted a fairly extensive article about the IRS’s process. Anna Marum of The Oregonian/OregonLive, also wrote an article with more information regarding such phone calls.
NetClient CS Mobile App For Apple And Android
Ever feel like checking your tax returns while watching a movie? Not us either. But there have been times when we were at the bank and needed to know what some information, like what our adjusted gross income was in 2023 or how much mortgage interest was paid last year. Just go to the App Store or Google Play and search for NetClient CS. This free app will allow you to login and view your portal. You will need to know your login and password to access your files. If you cannot remember your login, try using your email address first.
How To Choose A Tax Preparer – It’s Okay To Be Picky
Brent Hunsberger, money writer for The Oregonian/OregonLive, wrote this great article a few years ago in his weekly column “It’s Only Money.” He also wrote another article that describes the differences between different types of tax preparers. A pretty informative and helpful article by an educated unbiased writer.
