L2J Tax & Computer Services

04/09/2026

Tax Season is almost over for most filers. (6 days until Tax Day) I would like to personal say thank you to all my loyal customers for entrusting me to prepare your taxes again this year. There are days where I feel as if this will be my last year, but I think of all of you. So, again thank you for always being faithful, and for always referring new people. It's greatly appreciated.

Much love,
Mrs L2J

04/01/2026

FYI:

IR-2026-42, March 31, 2026

WASHINGTON – The Internal Revenue Service today announced that taxpayers have signed up more than 4 million children for tax-favored Trump Accounts, of which more than 1 million children are covered by elections for the $1,000 Trump Accounts pilot program contribution. Eligibility for the $1,000 pilot program contribution depends on when the child was born.

“The IRS has been working closely with the Treasury Department to make the election process as simple and easy as possible by permitting taxpayers to fill out a one-page form when they file their tax return,” said IRS Chief Executive Officer Frank J. Bisignano. “Families with eligible children born between 2025 and 2028 just need to check the box on a form to stake their claim for the $1,000 contribution. It’s that simple.”

The IRS data on Trump Accounts and the pilot program elections are based solely on how many Form 4547, Trump Account Election(s) have been submitted with individual tax returns to the IRS to date.

The Trump Accounts and the Trump Account contribution pilot program were established under the One, Big, Beautiful Bill, enacted on July 4, 2025. The eligibility requirements for the Trump Accounts and the pilot program are as follows:

The tax-advantaged Trump Accounts allow parents, guardians and other authorized individuals to request establishment of a new type of individual retirement account for an eligible minor, who has not turned age 18 before the end of the calendar year in which the election is made and has a valid Social Security number.
The Trump Accounts pilot program offers a $1,000 federal seed contribution for children born between Jan. 1, 2025, and Dec. 31, 2028, and who are U.S. citizens with a valid Social Security number.
Parents or other individuals who qualify to make the election can use IRS Form 4547, Trump Account Election(s) to request establishment of a Trump Account and to enroll in the pilot program with their tax year 2025 return.

Contributions to Trump Accounts can be made starting July 4, 2026. All eligible children may receive deposits from parents, relatives, friends, employers, state governments, philanthropic organizations and individuals, subject to an annual limit.

Visit trumpaccounts.gov for more information on Trump Accounts. For more information on the provisions of the new legislation, see One, Big, Beautiful Bill Provisions on IRS.gov.

02/05/2026

FUN FACT: If you are not receiving the EITC (Earned Income Tax Credit) the IRS has started releasing refunds. However, if you are receiving EITC per the IRS, refunds are being held until mid-late February.
THANK YOU TO ALL MY CLIENTS FOR ENTRUSTING ME TO BE YOUR TAX PROFESSIONAL. I PRAY GOD'S BLESSINGS CONTINUE TO BE UPON EACH OF YOU!!!!
L2J Tax & Computer Services is a company of integrity and seeks to provide exceptional service to all that we service. We are a company that sticks by our motto: L2J Tax & Computer Services "A Name You Can Trust".

10/30/2025

To those who know me, you know I usually celebrate the entire month of October! However, this year has been a little different. Yet, through God’s grace and favor, I’m simply thankful to be alive and walking in the manifestation of my complete healing. 🙌🏽

My friends and family know how much I love October — and rightfully so! It’s the month God graced the world with my presence. Today, I’m truly grateful to be granted another year on this side of Heaven and blessed to see year 47.

I could have given up… but God!!! 💪🏽

So today, I just want to take a moment to thank God for His many blessings. To my family and friends — you’ve given me 47 reasons to smile. 💖

Happy 47th Birthday to the one and only Mrs. L2J!! 🎂✨

11/28/2024

Thankful for each of my clients God has blessed me with!!!

04/09/2024

Tax Season is almost over. I would like to personal say thank you to all my loyal customers for entrusting me to prepare your taxes again this year. There are days where I feel as if this will be my last year, but I think of all of you. So, again thank you for always being faithful, and for always referring new people. It's greatly appreciated.

Much love,

Mrs L2J

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04/20/2023

I would like to say thank you to all that entrusted me this year in preparing your taxes. It was a pleasure to be able to serve you. Thank you to all that trusted me enough to refer many of your family/friends to L2J Tax & Computer Services. This has been a great year, and I look forward to working with you all again soon. May God continue to bless each of you!!!

04/18/2023

Tomorrow, April 18, 2023 is Tax Day!!! Filers can still request an extension, at which point they have until Oct. 16 to submit their full return. If you fail to pay your taxes, you'll owe a 0.5% monthly penalty on the unpaid amount, in addition to the unpaid amount itself, for each month, or part of the month, that taxes remain unpaid. That penalty rate keeps accruing until the total tax penalty reaches 25% of your total unpaid taxes. The penalty rate increases to 1% if you don’t pay your tax 10 days after receiving an Internal Revenue Service notice about its intent to levy a penalty.

11/11/2022

06/15/2022

FYI for those eligible to claim Business mileage:

IRS increases mileage rate for remainder of 2022

WASHINGTON — The Internal Revenue Service today announced an increase in the optional standard mileage rate for the final 6 months of 2022. Taxpayers may use the optional standard mileage rates to calculate the deductible costs of operating an automobile for business and certain other purposes.

For the final 6 months of 2022, the standard mileage rate for business travel will be 62.5 cents per mile, up 4 cents from the rate effective at the start of the year. The new rate for deductible medical or moving expenses (available for active-duty members of the military) will be 22 cents for the remainder of 2022, up 4 cents from the rate effective at the start of 2022. These new rates become effective July 1, 2022. The IRS provided legal guidance on the new rates in Announcement 2022-13, issued today.

In recognition of recent gasoline price increases, the IRS made this special adjustment for the final months of 2022. The IRS normally updates the mileage rates once a year in the fall for the next calendar year. For travel from Jan. 1 through June 30, 2022, taxpayers should use the rates set forth in Notice 2022-03.

"The IRS is adjusting the standard mileage rates to better reflect the recent increase in fuel prices," said IRS Commissioner Chuck Rettig. "We are aware a number of unusual factors have come into play involving fuel costs, and we are taking this special step to help taxpayers, businesses and others who use this rate.”

While fuel costs are a significant factor in the mileage figure, other items enter into the calculation of mileage rates, such as depreciation and insurance and other fixed and variable costs.

The optional business standard mileage rate is used to compute the deductible costs of operating an automobile for business use in lieu of tracking actual costs. This rate is also used as a benchmark by the federal government and many businesses to reimburse their employees for mileage.

Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates.

The 14 cents per mile rate for charitable organizations remains unchanged as it is set by statute.

Midyear increases in the optional mileage rates are rare, the last time the IRS made such an increase was in 2011.

Mileage Rate Changes

Purpose

Rates 1/1 through 6/30/22:

Business: (58.5 cents) per mile

Medical/Moving: (18 cents) per mile

Charitable: (14 cents) per mile

Rates 7/1 through 12/31/22:

Business: (62.5 cents) per mile

Medical/Moving: (22 cents) per mile

Charitable: (14 cents) per mile

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