The 2025 lifetime estate exemption amount is $13.99M.  Effective 2026, the amount increases to $15M, and is indexed for inflation each...

This deduction began in 2018, and was set to expire at the end of 2025.  It has now been made permanent.   The QBID remains 20%, with no...

For 2025 retroactively, the 1099-K reporting threshold is that you meet both of these 2 criteria: a)    $20,000 in gross payments, and...

Related to shares of QSBS issued after July 4, 2025.  Gain exclusion is 50% after 3 years, 75% after 4 years, and 100% after 5 years of...

Effective for property placed in service after July 4, 2025, thru 2030.   There is a new asset class of Qualified Production Property...

This change is effective for tax years 2025 and beyond. This deduction limit increases to $2.5M, and the Section 179 investment limit is...

This applies for tax years 2025 and later.   You can fully expense domestic R&D items in the year the expenses were incurred.   Software,...

This new rule begins for tax year 2026   This is a huge change for professional gamblers.  You can no longer deduct a net loss from the...

This is a brand new provision, and seems to fall under the QOZ / QOF framework.  We are working to find meaningful information on it. ...

Effective 2025, and now permanent.   When you get a mortgage on a home, and the loan amount is greater than 80% of the value, you are...

Begins tax year 2026, permanent thereafter.   You can now deduct charitable contributions one of two ways.  You can either take the...

Applies to tax years 2026-2028.   The government contributes a seed amount of $1,000 to an account for each child born during the years...

The current QOZ rules remain through 2026.  The new provision begins 2027.   This investment has multiple benefits.  You can use it to...

Applies only to assets acquired after January 19, 2025, and is permanent.   For assets placed in service between January 1 and January...

These credits all end at the end of 2025, for individuals and businesses.   This includes vehicles, solar panels, batteries, geothermal...

Beginning tax year 2025, the credit changes.   The maximum credit available is $16,810, indexed for inflation.  Now, up to $5K of the...

This deduction applies to tax years 2025-2028. We all heard the repeated campaign promises about “no tax on Social Security.” ...

This provision is effective beginning 2025.   Historically, this credit has been limited to restaurant employers.  The new bill expands...

This is effective for tax years 2025-2028.   New deduction of auto loan interest of up to $10K each year.  This includes motorcycles. ...

This deduction applies to tax years 2025-2028. We all heard the repeated campaign promises about “no tax on Social Security.” ...