News

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

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

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.

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

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.

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

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.

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

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

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.

For businesses, smart timing of deductible expenses can be a key strategy in year-end tax planning. But understanding exactly what’s deductible and what’s not isn’t easy.

Health Savings Accounts offer several valuable tax benefits. But you can contribute to one only if you have a high-deductible health plan.

Are you charitably inclined and looking for a powerful year-end tax-saving strategy? Read on.

Does your business reimburse employees for travel expenses? Here’s what you need to know about “high-low” per diem rates.

The new “senior” deduction can be a valuable tax saver for eligible taxpayers. But if your income might exceed the applicable phaseout threshold, you may need to take steps before year end to maximize your deduction.

Did your business receive more than $10,000 in cash? You may be required to file Form 8300 with the IRS. Learn what counts as “cash” and how to stay compliant.

Receiving an IRS notice doesn’t always mean bad news, and it doesn’t mean you’ve done something wrong. Many notices are informational or involve minor corrections. Here are five common notices and what they mean.

Recordkeeping may not be glamorous, but it’s one of the most powerful tools to protect your business and maximize tax benefits. Here are the details of a recent court case that underscores the importance of keeping strong records, along with six key practices.

Over age 50? Catch-up retirement contributions could make a huge difference in your future wealth. Here’s how.

The One Big Beautiful Bill Act creates new limited deductions for tips and overtime income through 2028. Find out if you qualify and what it means for your tax bill.

Do you and your spouse operate a small business together? Here are some tax-saving strategies to explore.

Are you an educator spending money out of your pocket on classroom supplies? You may be eligible for a tax break.

If your business has incurred domestic research and experimental expenses in 2025 (or incurred them in 2022, 2023 and/or 2024), you may have a new tax-saving opportunity this year.

Divorce is stressful, and for business owners, the tax stakes are even higher. Learn how to avoid costly surprises when dividing your business ownership interest.

The OBBBA enhances the tax benefits of qualified small business stock. Here’s how.