Here’s a sampling of some significant tax law changes going into effect this year: Increase of the Section 179 expensing limit…
Continue reading2026 Tax Law Changes for Businesses
Unlock Bigger Deductions on Rental Real Estate
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.
Continue readingMake Smart Choices With a Sudden Windfall
An unexpected influx of money (such as from an inheritance, bonus, legal settlement or lottery win) can feel exciting and full of possibility.
Continue readingMore Taxpayers May Qualify for the Casualty Loss Deduction
Starting in 2026, personal casualty loss deductions will no longer be limited to federally declared disasters.
Continue readingHow Does the New Tax Deduction for Car Loan Interest Work?
Generally personal interest expense isn’t deductible. You might be able to deduct your car loan interest, but various rules and limits apply.
Continue readingLast-Minute Tax Strategy: Accelerating Deductions
Have you been claiming the standard deduction the last few years? If so, you may want to rethink that for 2025.
Continue readingThe Tax Implications of Remote Work
Remote work can offer advantages for both employers and employees. But it’s not without challenges, such as unexpected tax consequences.
Continue readingEnhanced SALT Tax Break Will Affect Many Homeowners
The One Big Beautiful Bill Act, enacted on July 4, will allow more taxpayers to fully deduct their state and local tax expenses…
Continue readingTax Breaks for Medical Expenses
Depending on your situation, you may be able to claim certain medical expenses as deductions on your tax return.
Continue reading3 Family-Friendly Tax Benefits in the New Tax Law
The One, Big, Beautiful Bill Act (OBBBA) brings a wide range of tax changes, with several key updates designed to support families.
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