R&E Tax Relief Returns: Deduct Research Costs Immediately in 2025!
Does your business incur research and experimentation (R&E) expenses? The One, Big, Beautiful Bill Act reinstates the immediate deduction...
No Records, No Deductions: Court Denies Real Estate Tax Breaks!
“Ordinary and necessary” business expense tax deductions are allowed when carrying on an active trade or business. In one case, a...
Estate Tax Relief Made Permanent: Big Win for Wealth Preservation!
Individuals with sizable estates can breathe a sigh of relief when it comes to the federal estate tax. Currently, the federal gift and...
Big Win for Home Sellers? Bill Proposes Raising the $250K Tax-Free Limit!
If a new bill gains traction, there could be good news ahead for homeowners looking to sell their homes. Currently, qualified sellers can...
High Earners & Partnerships Face More IRS Audits—But for How Long?
A new Treasury Inspector General for Tax Administration (TIGTA) report says that IRS audits of high-income taxpayers and partnerships...
Drive and Deduct: New $10K Vehicle Interest Tax Break Under OBBBA!
One of the lesser-known provisions of the One, Big, Beautiful Bill Act is a new deduction for certain vehicle interest. This provision...
PTC Shake-Up Ahead: New Rules for ACA Subsidies Start 2026!
If you receive Premium Tax Credits (PTCs) under the Affordable Care Act, be aware that the One, Big, Beautiful Bill Act makes some...
Student Loan Tax Breaks: What’s Staying, What’s Going in 2026!
The One, Big, Beautiful Bill Act (OBBBA) makes changes to two types of student loan debt. Forgiven student loan debt generally is treated...
⏰ Final Countdown: File Your Extended Tax Return by October 15!
If you requested an extension to file your tax return after the April 15, 2025, due date, the extended deadline is Wednesday, Oct. 15. If...
Sending Money Abroad? This New 1% Tax Could Surprise You in 2026!
Do you send money to someone in another country? If so, because of a lesser-known provision of the One, Big, Beautiful Bill Act, the...
