Legislation passed in 2025 can provide significant additional tax savings for individuals who own rental properties or ...

The One Big Beautiful Bill Act (OBBBA), signed into law July 4, 2025, is the most sweeping federal tax legislation since the ...

Section 179 lets you deduct the full purchase price of qualifying business equipment bought and put into use during the year.

The IRS issued revenue procedures updating inflation-adjusted amounts for 2026 following enactment of the One Big Beautiful Bill Act (OBBBA). The revenue procedure modifies Rev. Proc. 2024-40 to ...

Brex reports LLC owners can reduce taxable income through 16 deductible expenses. Proper tracking prevents missed deductions ...

The most significant tax overhaul since 2017 creates unprecedented opportunities—but only for those who act before December ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

Some 'no tax on tips' occupations might surprise you: Podcasters, social media influencers, plumbers and house painters. The new, special tax break on tips is retroactive and applies to eligible tip ...

In the first three installments of this series, my colleagues explored the broad impact of the One Big Beautiful Bill, the expanded SALT deduction and PTET election, and the importance of proactive ...