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Individual Taxpayers Under the One, Big, Beautiful Bill Act.

The One, Big, Beautiful Bill Act (OBBBA) includes, among many other things, numerous provisions that can affect an individual’s taxes. The new law makes some changes to existing tax breaks that will be significant to…

The One, Big, Beautiful Bill Act is now law.

President Trump signs his One, Big, Beautiful Bill Act into law On July 4, President Trump signed into law the far-reaching legislation known as the One Big, Beautiful Bill Act (OBBBA). As promised, the tax portion…

New Study on Tax Burdens: How Does Your State Measure Up?

Where you live can have a major impact on your tax bill. If you’re retiring or able to work remotely, you might be thinking about relocating, and taxes can be a major factor in that…

Dont Let Quarterly Estimated Tax Payment Obligations Catch You Off Guard

If you are self-employed, run your own small business, or have rental or investment income, there’s a good chance you must make quarterly estimated tax payments. These payments include income tax and, if applicable, self-employment…

Tax Options for Vacation Home Owners Who Want to Sell

In many areas, vacation home prices have skyrocketed, along with property insurance costs. If you own a highly appreciated vacation property, is it time to cash out and simplify your life? You could simply sell…

Some Retirement Plan Benefits Will Increase for 2025

With the 2025 tax year almost here, there’s news from the IRS about retirement savings. According to a recent announcement from the tax agency (Notice 2024-80), there will be increases to some retirement plan contributions…

Company Holiday Parties: Celebrate the Tax Breaks

Are the costs of holiday parties tax deductible? Despite a recent crackdown on business entertainment expense deductions, your company’s holiday bash may still qualify for write-offs for the 2024 tax year. You might even be allowed…

Beneficial Ownership Information (BOI)

On January 1, 2024, the Corporate Transparency Act (CTA) went into effect requiring millions of entities operating in the United States to report their Beneficial Ownership Information (BOI). The Corporate Transparency Act requires reporting organizations…

Bunching Charitable Donations to Maximize Your Tax Benefits

The Tax Cuts and Jobs Act (TCJA) virtually doubled the standard deduction through 2025. So fewer taxpayers are itemizing deductions these days. Instead, more people are claiming the standard deduction. When making year-end charitable contributions, consider…

Seniors: You Might Not Want to Sell that Highly Appreciated Home

In recent years, the residential real estate markets in many areas have surged. That means there are more seniors with highly appreciated homes than ever before. If you’re facing this situation, you might be rightfully concerned…