Age-Related Milestones Affecting Certain Tax Provisions
They say age is just a number — but in the world of tax law, it’s much more than that. As you get older, the IRS treats you differently because
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From Startup Costs To Taxes: How Initial Expenses Are Handled When Filing Your Federal Tax Return
In May 2025, the U.S. Census Bureau reports there were nearly 447,000 new business applications. The bureau measures this by tracking the number of businesses applying for an Employer Identification
A Crash Course For Families On The Taxation of Financial Aid
College can be a significant expense. The average sticker price for tuition and fees at private colleges was $43,350 for the 2024–2025 school year, according to the College Board. While
The Dos & Don’ts Of Business Expense Deductions
If you’re claiming deductions for business meals or vehicle expenses, be prepared for detailed inspection from the IRS. These deductions are often flagged for review, especially when documentation is lacking
Do You Qualify For A Tax Deduction On Your Medicare Premiums?
If you’re 65 or older and have basic Medicare coverage, you might need to pay extra premiums for more comprehensive insurance. These additional costs can add up quickly—especially for couples,
Possible Changes To The Deductibility Of R&E Expenses Included In The One, Big, Beautiful Bill
The tax treatment of research and experimental (R&E) expenses is a critical issue for U.S. businesses, particularly small to midsize companies focused on innovation. Under current tax law, the ability
The One, Big, Beautiful Bill: Seven Proposed Tax Changes You Should Know
On May 22, 2025, the U.S. House of Representatives passed a sweeping piece of legislation known as The One, Big, Beautiful Bill Act, which could bring notable changes to several
Five Major Business Tax Breaks on the Horizon: What Proposed Changes Could Mean for You
A new bill under consideration in Congress — informally called The One, Big, Beautiful Bill — could bring sweeping changes to key federal tax breaks for businesses. If passed, the
What Are The Advantages Of A Living Trust For Your Estate Plan?
Do you believe you don’t need to worry about estate planning because of the current federal estate tax exemption ($13.99 million per individual or $27.98 million for married couples in
Turn Travel Into Tax Deductions If You’re Planning A Summer Business Trip
If you or your employees are heading out of town for business this summer, it’s important to understand what travel expenses can be deducted under current tax law. To qualify,