ARTICLES

If you and your spouse jointly operate a small, unincorporated business, you may be paying more self-employment tax than necessary. Learn how spousal partnerships are treated for tax purposes and three effective strategies to help lower your tax burden.

Rising employee health care costs can strain your business budget. Learn five ways to analyze, audit, and optimize your health benefit spending to ensure your dollars are being used effectively.

Choosing the right business structure is one of the biggest decisions new entrepreneurs make. This guide breaks down how each entity type is taxed, from sole proprietorships to corporations, so you can make an informed choice. Discover which setup best fits your goals, tax strategy, and growth plans.

Accurate recordkeeping is more than just good business practice — it’s key to maximizing deductions and staying compliant. A recent Tax Court case shows how poor documentation can cost taxpayers thousands. Discover six practical ways to strengthen your recordkeeping system and safeguard valuable tax breaks.

Getting a letter from the IRS doesn’t have to be intimidating. This article explains the most common types of IRS notices, why they’re sent, and what steps you can take to respond effectively — often with simple solutions.

Learn how individuals aged 50 and over can maximize their retirement savings through catch-up contributions to IRAs and employer-sponsored plans. Discover annual limits, tax benefits, and example scenarios to help boost your financial future.

Starting in 2025, certain workers may be eligible for new federal tax deductions on qualified tip and overtime income. These deductions, available through 2028, come with specific eligibility rules and reporting requirements for both employees and employers. While payroll taxes still apply, the changes may reduce taxable income for some workers.

Discover the new tax advantages of Qualified Small Business (QSB) stock under the OBBBA. Learn about updated asset limits, gain exclusions, and rollover opportunities to maximize your investment strategy.

Learn how the OBBBA’s new provisions for 2025–2028 affect estimated tax payments, deductions, and credits — plus strategies to optimize your tax planning under the latest regulations.

Learn how the alternative minimum tax (AMT) works, recent changes under the OBBBA, and what risk factors could trigger AMT liability in 2026 and beyond.

Learn how the OBBBA tax law impacts families with changes to credits, savings accounts, 529 plans, and more.

Age-based tax rules can impact your finances. Tracking these milestones helps you maximize benefits and avoid mistakes.

College expenses add up, but many students receive financial aid. Learn how to maximize college financial aid for tax benefits. Discover tips, records to keep, and when aid may be taxable.

A spousal IRA lets couples grow retirement savings even if one spouse has little or no income. Learn about 2025 contribution limits, tax benefits, and how to get started.

Are you 65 or older and paying for Medicare or supplemental insurance? Learn how you may qualify for valuable tax deductions on premiums and other medical expenses.

As IRS enforcement around digital assets increases, it's more important than ever to understand how cryptocurrency, NFTs, and other digital assets are taxed. We break down what qualifies as a digital asset, how to answer the IRS's crypto question on your tax return, and what records you need to stay compliant.

Discover how the One Big Beautiful Bill Act (OBBBA) benefits small businesses with enhanced tax benefits production property starting in 2025.

HSAs can be a smart way to manage healthcare costs while saving on taxes.The IRS has released the new 2026 HSA Limits -- Learn more.

Working a side gig? Learn how to manage taxes as an independent contractor — from tracking income and expenses to understanding self-employment tax and deductions.

Planning summer trip? Learn which business travel expenses are tax-deductible in 2025, including key rules for combining business and personal travel, meal limits, and documentation tips.