Many rental property owners are surprised to learn that federal tax law often restricts their ability to deduct losses, treating most rental activities as passive unless specific requirements are met.
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If you received tips or overtime pay in 2025, you may be eligible for a new deduction when you file your income tax return.
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While legislation signed into law in 2025 extends or enhances many tax breaks for businesses, it ends some clean energy tax incentives.
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An unexpected influx of money (such as from an inheritance, bonus, legal settlement or lottery win) can feel exciting and full of possibility.
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Here’s a sampling of some significant tax law changes going into effect this year…
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Did you buy a “heavy” business vehicle in 2025? An SUV, pickup or van with a manufacturer’s gross vehicle weight rating (GVWR) over 6,000 pounds…
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Starting in 2026, personal casualty loss deductions will no longer be limited to federally declared disasters.
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It is with pleasure we announce that Truc Nguyen was promoted to Senior Accountant in our Client Accounting Services department.
Over the last several years Truc has continuously built up her skill set; technically, in project management, and in client service. She always has a great attitude and willingness to help her teammates wherever she can. Truc embraced Wheeler’s core values before we even had the token phrases developed!
Huge Congratulations to Truc on this exciting career development.
Generally personal interest expense isn’t deductible. You might be able to deduct your car loan interest, but various rules and limits apply.
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The holidays are a time for gratitude, and many employers show appreciation by giving gifts to their staff.
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