Island Tax & Accounting Group
9 Cornerstone Sq - Suite 400-312
Westford, MA 01886
Phone:
(631) 271-8000
info@islandtax.com
Fax:
(631) 271-8001
Welcome to the Island Tax and Accounting Group web site where you will find a wealth of information in the form of newsletter articles, calculators, and research reports.
Please check out the Learning Center. It is here that you will be able to find answers to everyday questions and articles on current events. We have Calculators that will help you figure out the amount of a loan or mortgage, required minimum distributions from your retirement plan or IRA, tax calculations, retirement calculations and many more. We have Articles that discuss hundreds of topics in short and easy to understand format. Even though we do not sell securities or offer investment advice to our clients, we offer a Market Watch that will help you track and maintain your securities - check it out!
The One Big Beautiful Bill Act (OBBBA) provides an annual deduction of up to $10,000 for interest paid on qualifying new auto loans, effective for tax years 2025 through 2028.
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A new tax-advantaged investment account officially launched on July 4th: the 530A account, also known as a Trump Account, which is designed to help children get a head start on their financial future.