Have you taken out a new car loan? The IRS has unveiled proposed regulations on the car loan interest deduction provision under the One Big Beautiful Bill ...
Owners of larger businesses, beware: Unless you qualify for an exception, your business interest deduction is generally limited to 30% of adjusted taxable ...
The IRS has issued the 2026 cents-per-mile rates for calculating tax-deductible vehicle operating costs. Effective Jan. 1, 2026, the standard mileage rate ...
For income tax purposes, a business loss generally occurs when a business’s deductions for the year exceed its revenue. But you can turn lemons into lemo...
When you file your 2025 tax return, should you do so as a head of household? Assuming you qualify, it could be more favorable than filing as single. To be ...
The IRS has issued estimated-tax penalty relief for taxpayers who properly elect under Sec. 1062 to pay tax on qualifying farmland sale or exchange gains i...
The IRS has issued estimated-tax penalty relief for taxpayers who properly elect under Sec. 1062 to pay tax on qualifying farmland sale or exchange gains i...
As 2025 winds down, it's important to review your company's accounting for unused paid time off (PTO). Many employers allow employees to carry forward unus...
Owning assets with your adult child as “joint tenants with right of survivorship” may seem like a simple way to streamline your estate plan. Ho...
Are you age 65 or older? If so, for tax years 2025 through 2028, a provision of the One Big Beautiful Bill Act may allow you to claim an additional deducti...
