LMC - Resources

August 27, 2026 | News

Key Considerations Before Making Additional Trump Account Contributions

Trump Accounts provide families with a new tax-advantaged way to save for children. In addition to the $1,000 federal contribution available for eligible children born from 2025 through 2028, parents, grandparents, employers,…

August 27, 2026 | Press Release

Lee M. Cohen Once Again Named a Crain’s Notable Leader in Accounting, Consulting & Law

We’re excited to share that Lee M. Cohen, CPA, CEO of LMC, has once again been recognized by Crain’s New York Business as one of its Notable Leaders in Accounting, Consulting &…

August 27, 2026 | News

A Charitable Deduction is Now Available to Nonitemizers

Written by Jeffrey S. Gold, CPA LMC Tax Director About 90% of taxpayers claim the standard deduction rather than itemizing deductions on their federal income tax returns. Beginning with the 2026 tax…