In conjunction with the rising demand for higher education in the United States, the cost of attending a postsecondary institution has increased significantly.
Continue readingLowering Education Expenses with Tax Credits and Deductions
Business Mileage Rate Is Up for 2025
Effective Jan. 1, 2025, the standard mileage rate for the business use of a car, van, pickup truck or panel truck is 70 cents per mile. This is up from 67 cents per mile for 2024.
Continue readingUnlocking the Potential Benefits of ESOPs
Among the most significant benefits of an ESOP is that employer contributions to qualified retirement plans such as ESOPs are typically tax-deductible.
Continue readingA Better Way to Help with Tuition
To avoid tax implications on gifts over the exclusion (or to preserve the exclusion for other gifts), you can pay tuition directly to the school.
Continue reading4 Key Tax Questions About 2025 Taxes
If eligible, you can contribute up to $7,000 to a traditional or Roth IRA (but only up to 100% of your earned income, if less). If you’re age 50 or older, you can make another $1,000 “catch-up” contribution.
Continue readingMarried Filing Separately: When It May Make Sense
Filing joint tax returns generally results in the lowest tax bill for married couples. However, in some circumstances, they may pay less taxes if they file separately.
Continue readingPrepare for Resilience with a Business Continuity Plan
It’s not enough to create a disaster plan. You also need to review, revise and test it periodically.
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