ARTICLES

For 2025, several tax-related limits have increased. We’ve summarized the major changes that may affect you and your business.

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.

Maximize tax savings with home office deductions. We’ll help you claim them correctly, determine eligibility, and optimize your return.

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

The 2025 IRS mileage rate is 70 cents per mile, up from 67 cents. Businesses can deduct actual costs or use this rate. Consult with us.

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

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.

Did you know? Medicare premiums depend on your income. Manage your MAGI via tax strategies to reduce future costs. Read more.

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