ARTICLES

The Child Tax Credit remains $2,000 per child for 2024-25 but may drop to $1,000 in 2026. Stay updated on potential changes and eligibility.

If your deductions exceed your standard deduction, you can itemize. Consider deducting your mortgage interest, taxes, and medical expenses.

TCJA limits business interest deductions to 30% of ATI. Manage the deduction limit with 3 options. Read more.

Navigating the tax implications of selling business assets, particularly Section 1231 property, requires careful planning.

If your 2024 tax bill is higher than expected, you can lower it by making a deductible contribution to a traditional IRA by April 15, 2025.

The Work Opportunity Tax Credit offers up to $2,400 per eligible hire. Consult with us to apply this credit to your 2024 tax returns.

Tips are taxable. Employees should report and record cash and non cash tips for tax returns. Learn more.

Intangible assets require complex tax treatment. Know what costs must be capitalized, exceptions, and how to maximize tax benefits.

File early to protect against tax identity theft and get a faster refund. Deadline: April 15 for individuals, March 17 for S-Corps/Partners.

Deduct travel between business sites but not commuting. Self-employed can claim costs now; employees must wait until 2026, pending tax law.

2025 tax changes: higher deductions, $23,500 401(k) limit, $176,100 Social Security wage base, $19,000 gift tax. New tax laws may follow.

2025 inflation adjustments mean higher tax breaks, more retirement savings, larger FSAs, and bigger gift tax limits to save you money.

Plan tax-saving strategies for 2024. Maximize deductions, delay income, contribute to retirement, and donate smartly from IRAs.

Remote work is on the rise. Self-employed? You may qualify for tax deductions if you use your home office regularly and exclusively.

Electric vehicles are on the rise, boosted by a $7,500 tax credit. Check if you qualify and learn how to take advantage of this incentive.

If you enjoy donating to charity and are required to take withdrawals from your traditional IRA, you might be able to save on taxes.

Key tax deadlines for employers in Q4 2024. Ensure timely filings and payments. Contact our team for more details.

The end of the year is fastly approaching. Here are some strategies business owners can adopt to reduce their tax bill.

Here are Q1 deadlines for the 2024 Tax Calendar.