by Admin | Oct 16, 2025 | Individual Taxes
In the complex world of tax deductions, understanding the distinctions between above-the-line deductions, below-the-line deductions, and standard and itemized deductions is crucial for effective tax planning. Each category serves a distinct purpose within the tax...
by Admin | Oct 14, 2025 | Individual Taxes, Retirement
As retirement approaches, many older Americans seek strategies to maximize their savings and ensure financial stability. Retirement plans often provide “catch-up” contributions, a frequently overlooked opportunity to significantly boost retirement funds....
by Admin | Oct 13, 2025 | Business Taxes, Individual Taxes
The IRS has updated its contingency lapse plan, detailing how operations will proceed past the first five days of the federal government shutdown. The plan, which took effect on Oct. 8, 2025, outlines which functions will continue, which will pause and how employees...
by Admin | Sep 24, 2025 | Individual Taxes
Divorce or separation doesn’t just lead to emotional and familial upheaval; it also introduces complexities in financial matters, particularly when children are involved. One often misunderstood and hotly contested issue is determining which parent claims the...
by Admin | Sep 22, 2025 | Individual Taxes
In the swirling complexities of tax legislation, even well-intentioned provisions can seem like offers of relief that arrive weighed down with restrictions. The OBBBA provision, which allows taxpayers to deduct up to $10,000 of interest paid on passenger vehicle...
by Admin | Sep 19, 2025 | Individual Taxes, Tax Planning
On September 2, 2025, the Treasury Department released a draft list of 68 occupations eligible for the new “no tax on tips” deduction. This deduction is part of the “One Big Beautiful Bill Act,” signed into law on July 4, 2025, and applies to...
