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Curious how The One, Big, Beautiful Bill could affect taxes for you and your family? Here are seven key tax breaks in the bill and what they could mean for you.

You’ve probably heard about The One, Big, Beautiful Bill in Congress. If enacted, what does it mean for your business?

Are you 65 or older and paying Medicare premiums? You may qualify for a valuable tax break. Find out if it makes sense to itemize deductions and include medical expenses on your 2025 return.

The deductibility of research and experimental expenses is limited for businesses. However, The One, Big, Beautiful Bill may significantly improve the deduction. Here’s the story.

If you receive a court award or out-of-court settlement, do you have to pay tax on it? The answer is … it depends.

Discover how a living trust can help you avoid probate, protect your privacy and simplify the transfer of your assets.

Turn business trips into tax breaks! Here are the rules for deducting travel without hitting turbulence with the IRS.

Having a tough year? Find out how net operating losses can convert today’s setbacks into brighter tax savings in the future.

The gig economy offers many benefits. It also comes with tax responsibilities that workers need to manage proactively to avoid penalties.

Many businesses turn to independent contractors to fill open roles and reduce costs. To avoid costly issues with the IRS, it’s important to understand the key rules that govern worker classification.

If you receive a court award or out-of-court settlement, do you have to pay tax on it? The answer is … it depends.

Just because you filed your 2024 tax return doesn’t mean the questions about it stop. Here are some answers.

As a C corporation or S corporation business owner, setting your own salary can be tricky. If it’s too high or too low, the IRS may step in. Here’s how to help ensure your compensation is considered reasonable, which helps keep your tax deductions intact.

Harvesting capital losses is a viable tax-saving strategy as long as you avoid the wash sale rule. Here’s how it works.

A Section 127 educational assistance plan can be a smart investment for your business. With this tax-favored benefit, employees can finish degrees, pursue graduate study and even pay off student loan debt.

As a small business owner, you might hesitate to establish a retirement plan due to the administrative complexities involved. However, there are two alternatives worth considering that come with fewer requirements than traditional qualified retirement plans.

Are you considering bringing your high-school- or college-age child into your business this summer? If you hire him or her, it could be a smart move with substantial tax advantages.

Unpaid taxes withheld from your company’s employees might come back to bite you harder than you think. Find out how the 100% penalty can sink its teeth into your personal finances.

After filing, you may want to do some spring cleaning and discard tax documents. But don’t throw away records you might need in the case of an IRS audit. Here are the rules.

April 15 is double trouble! Of course, it’s the deadline for filing your 2024 tax return but there’s another important deadline that day.

Unless you’re eligible for an exception, you may not be able to deduct rental real estate tax losses for years. Here are the details of the exceptions.

You may feel you’re the head of your household if you’re married, single, divorced, a parent or child-free. However, only certain people can file a tax return with the favorable “head of household” status. Here are the rules.

No matter how meticulous your business is, payroll taxes can be complex. Here are six quick tips to help you stay on track.

Thinking about lending money to a family member or friend? There may be tax implications you should understand.

Business owners have several options when planning for succession. Here are five to consider, along with the tax implications.