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.” ...

This change applies to tax years 2025-2029. No changes to pass-through entity tax deduction for partnerships and S-Corps.  The...

This change is permanent, effective for 2025.   Both the child and the taxpayer(s) must have valid SSNs.   The CTC increases to $2,200...

By now we have all heard about the bill that was passed on July 4.  The bill is 870 pages long, and addresses everything tax from...

He doesn’t owe tax after his IRA was forfeited to the federal government.  He went to jail, and the feds took the IRA funds.  The IRA...

Since the Supreme Court ruled that college athletes can be compensated for their name, image and likeness (NIL), many student athletes...

The stakes can be very high for employers in this situation.  IRS is seeking back payroll taxes from employers that wrongly treat workers...

This is a brand new deduction, effective for 2025-2028.   If an employee receives time and a half for overtime, the deduction is only for...

Announced in early January, 2025, H&R Block has settled a complaint from the Federal Trade Commission for the amount of $7M.  This order...