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New itemized deduction limitation will affect high-income individuals next year
Beginning in 2026, taxpayers in the top federal income tax bracket will see their itemized deductions reduced. If you’re at risk, there are steps you...
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Beginning in 2026, taxpayers in the top federal income tax bracket will see their itemized deductions reduced. If you’re at risk, there are steps you...
1 min read
Are you thinking about making financial gifts to loved ones? Would you also like to reduce your capital gains tax? If so, consider giving appreciated...
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Thoughtful business gifts are a great way to show appreciation to customers and employees. They can also deliver tax benefits when handled correctly....
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Before the One Big Beautiful Bill Act (OBBBA), tip income and overtime income were fully taxable for federal income tax purposes. The new law changes...
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College can be expensive. According to the College Board, the average sticker price for tuition and fees at private colleges was $43,350 for the...
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The IRS recently released the 2026 inflation-adjusted amounts for Health Savings Accounts (HSAs). Employees will be able to save a modest amount more...
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Stock, mutual fund and ETF prices have bounced around lately. If you make what turns out to be an ill-fated investment in a taxable brokerage firm...
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When we prepare your tax return, we’ll check one of the following filing statuses: single, married filing jointly, married filing separately, head of...
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When it’s time to consider your business’s future, succession planning can protect your legacy and successfully set up the next generation of leaders...
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Prior to the enactment of the Tax Cuts and Jobs Act (TCJA), businesses were able to claim a tax deduction for most business-related interest expense....
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Inflation can have a significant impact on federal tax breaks. While recent inflation has come down since its peak in 2022, some tax amounts will...
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As a business owner, you may travel to visit customers, attend conferences, check on vendors and for other purposes. Understanding which travel...
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You don’t have to be in business to deduct certain vehicle expenses When you think about tax deductions for vehicle-related expenses, business...