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Before claiming a charitable deduction for 2025, make sure you can substantiate it
If you itemize deductions on your 2025 individual income tax return, you potentially can deduct donations to qualified charities you made last year. But your
Increase your current business deductions under tangible property safe harbors
Did your business make repairs to tangible property, such as buildings, equipment or vehicles, in 2025? Such costs may be fully deductible on your 2025
Advisory boards provide family businesses with independent perspectives
Does your family business keep its strategic decisions within the family? It’s common for family businesses to assign relatives to positions of authority and require
How the new Trump Accounts for children will work
A new tax-advantaged way to help children build up savings for the future was created by the One Big Beautiful Bill Act (OBBBA): Trump Accounts
There’s still time to set up a SEP and reduce your 2025 taxes
If you own a business or are self-employed and haven’t already set up a tax-advantaged retirement plan, consider establishing one before you file your 2025
Tax filing FAQs for individuals
The IRS is opening the filing season for 2025 individual income tax returns on January 26. This is about the same time as when the