Tips, Overtime, Car Loans & More: Exploring the IRS’s New Deduction Schedule!
Certain taxpayers will claim deductions made available by the One Big Beautiful Bill Act on a new tax form. These include new deductions...
Fed Lowers Rates to 4%–4.25%, More Cuts Possible!
For the first time this year, the Federal Reserve has approved an interest rate cut. The Fed opted for a quarter-point reduction to the...
Sept. 30 Deadline Looms as Lawmakers Clash Over Premium Tax Credits!
A Sept. 30 deadline to fund the government for fiscal year 2026 is approaching. Republican lawmakers introduced a continuing resolution...
The 401(k) Rollover Mistake That Can Trigger Taxes and Penalties!
If you’re leaving a job soon and you have a 401(k), you may want to roll it over into an IRA. However, beware of a potentially costly tax...
IRS Win: Cannabis Wages Excluded from Qualified Business Income!
Many eligible small business owners enjoy a tax deduction based on their qualified business income (QBI). To be deductible for QBI...
Beneficial Ownership Rule Suspended: What’s Next for U.S. Companies?
Recently, Financial Crimes Enforcement Network (FinCEN) Director Andrea Gacki updated a U.S. House Financial Services subcommittee on...
Thinking of Buying an EV? Don’t Miss the Tax Credit Deadline!
The clock is ticking on the availability of federal tax credits for buying an electric vehicle (EV) or other eligible clean vehicle....
CBO Cuts 2025 Growth Outlook Amid Tariffs & Immigration Shifts!
The Congressional Budget Office (CBO) has published an update to its economic forecast. According to the CBO, President Trump’s tariffs,...
Catch-Up Contributions Just Got Clearer — Here’s What to Know!
The IRS has issued final regulations to address SECURE 2.0 Act provisions related to “catch-up” contributions. Eligible taxpayers age 50...
Selling Your Home? How to Reduce (or Avoid) Capital Gains Tax!
There’s a bill in Congress to eliminate capital gains tax on the sale of primary residences. It’s unclear whether it might pass in the...
