The One Big Beautiful Bill Act (OBBBA) makes changes to charitable contribution deduction rules that will take effect in 2026. If you itemize deductions, y...
It may be time to reevaluate whether you should itemize certain deductions or claim the standard deduction based on your filing status. Itemizing deduction...
The Affordable Care Act’s enhanced premium tax credits are scheduled to expire at year end. Democrats wanted a one-year extension of the credits in retur...
Whether you can deduct legal expenses on your federal tax return depends on the costs’ “origin and character.” You can generally deduct legal fees re...
Does your business provide relocation benefits for employees? Under current tax law, employers can deduct payments to employees for relocation costs, such ...
The new tax law introduced deductions for qualified tips and qualified overtime compensation. Specifically, for 2025 through 2028, it creates a deduction o...
The Qualified Opportunity Zone (QOZ) program offers big tax breaks for capital gains on long-term investments in designated low-income communities. Now, un...
If you’ve been burned after lending money to a friend or family member who didn’t pay you back, take heart: You may be able to deduct your loss. For fe...
Is your business prepared to implement the SECURE 2.0 Act’s Roth catch-up contribution rule? The rule requires that catch-up contributions made by certai...
On Oct. 1, the IRS began phasing out paper tax refund checks for individuals. The National Tax Advocate (NTA) has detailed how this will affect taxpayers. ...
