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Tax Advice: Tax Filing FAQs for Individuals

January 22, 2026

Tax filing season is upon us, and you probably have questions. Here are answers to some FAQs to help.

For Small Businesses: Ready for the Deadline on Groundhog Day This Year?

January 19, 2026

Don’t cast a shadow over tax filing season (pun intended) by missing this important deadline happening on Groundhog Day this year.

Tax Advice: When You May Be Eligible for Casualty Loss Tax Deduction

January 19, 2026

If you endured a disaster in 2025, you may be eligible to claim a personal casualty loss deduction on your income tax return — but under what circumstances, exactly?

Tax Advice: When Medical Expenses Are (and Aren't) Tax Deductible

January 15, 2026

Now is a good time to review your medical expenses for 2025 and see if you had enough so you can claim the medical expense deduction. But first you need to know what’s potentially deductible.

For Small Businesses: Tax Filing Update for Pass-Through Entities

January 15, 2026

The 2025 federal income tax return filing deadline for most partnerships, S corporations and LLCs is looming.

For Small Businesses: Not "Business" Expenses Are Tax Deductible

January 5, 2026

As you look back to 2025 to determine what business expenses you can write off on your tax return, keep in mind the “ordinary and necessary” rule.

Tax Advice: A New Year Means New Tax Figures

January 5, 2026

For 2026, the standard deduction, most retirement contribution limits and the gift and estate tax exemption are increasing. Other important tax figures for individuals are also changing.

For Small Businesses: Important 2026 Tax Figures

December 29, 2025

Many, but not all, tax-related figures for businesses and their owners will increase for 2026, impacting your tax planning.

Tax Advice: More with Disabilities Soon Eligible For ABLE Accounts

December 29, 2025

If you or someone in your family became disabled or blind after turning 26 but before age 46, the expansion of ABLE account eligibility in 2026 provides a new opportunity for tax-advantaged savings.

For Small Businesses: Avoiding Inadvertent S Corp Termination

December 29, 2025

Termination of S corporation status generally will result in the loss of substantial tax benefits. But there are steps you can take to protect S status.

For Small Businesses: Information Reporting to Change in 2026 Tax Year

December 16, 2025

Businesses: A new tax year means some new rules for W-2 and 1099 reporting.

Tax Advice: Checking Off RMDs on Your Year-End To-Do List

December 10, 2025

If you’re subject to required minimum distribution (RMD) rules on a retirement plan you own or inherited, you may need to take action by Dec. 31 to avoid a penalty. Here’s what you need to know.

For Small Businesses: New Law Eases Limitation on Business Interest Expense Deductions

December 10, 2025

Rules governing the business interest expense deduction limitation are complicated. Here’s what business owners need to know about the latest developments.

Tax Advice: There's Still Time to Save 2025 Taxes

December 10, 2025

Want to reduce your 2025 taxes? Here are four ideas you may be able to implement in December.

For Small Businesses: 6 Last-Minute Tax Tips for Businesses

December 10, 2025

Business owners: It’s not too late to reduce your 2025 taxes.

Tax Advice: Take Advantage of the 0% Long-Term Capital Gains Rate

November 23, 2025

Taxpayers subject to the 15% or 20% long-term capital gains tax rate can still benefit from the 0% rate. Here’s how.

For Small Businesses: New Deduction for QPP Can Save Significant Taxes

November 23, 2025

Could your business qualify for a valuable new depreciation tax break?

Tax Advice: New Itemized Deduction Limitation to Affect Those with High Incomes

November 23, 2025

Your tax deductions may soon not be worth as much as you expected. Here’s what you need to know about a new tax law provision that will reduce deductions for high-income taxpayers.

For Small Businesses: What to Know About Deducting Business Gifts

November 19, 2025

A little knowledge and planning can go a long way toward ensuring your business gifts are both meaningful and tax-smart. Find out more.

Tax Advice: How the Social Security Wage Base Will Affect Payroll Taxes in '26

November 19, 2025

The Social Security tax rate is 6.2%, or twice that if you’re self-employed. Find out if you’ll have to pay Social Security tax on all your wages and self-employment income in 2026.

For Small Businesses: Year-End Planning for Accrual-Basis Taxpayers

November 19, 2025

Year-end tax planning can be more challenging for accrual-basis businesses. But some powerful strategies are available.

Tax Advice: How the 2025 SALT Deduction Cap Could Save You Taxes

November 19, 2025

Is your property tax bill large? Or do you pay a lot in state income taxes? You might be eligible for a much bigger SALT deduction on your 2025 income tax return.

Business man having a meeting with contractor

For Small Business: When to Maximize Deductions for Real Estate Improvements

November 19, 2025

Recent tax law changes have significantly enhanced first-year depreciation tax breaks for real estate improvements. Find out whether your business can benefit.

For Small Businesses: There's Still Time to Benefit From Clean Energy Tax Breaks

November 11, 2025

Could your business benefit from clean energy tax incentives? Time hasn’t run out quite yet.

Tax Advice: 5 Tax Breaks Related to Moving a Parent to a Nursing Home

November 11, 2025

The cost of nursing home care can be high. But you may be able to take advantage of certain tax benefits if your parent is transitioning into one.

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