The rules for charitable deductions will change starting in 2026, reducing the tax value of giving for high-income households. If you’re considering major charitable gifts, 2025 offers the last year under the…
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The One Big Beautiful Bill (OBBB) creates a new type of tax-advantaged account for eligible children. Section 530A accounts, also known as “Trump accounts,” can be established for children under age 18…
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As year-end approaches, many business owners are reviewing whether their current business structure continues to support their financial and operational goals. For some, electing S-Corporation status may offer meaningful tax…
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The 2025 tax reform legislation, One Big Beautiful Bill (OBBB), introduced important changes that affect how many taxpayers calculate their deductions. One of the most significant updates is the temporary expansion of…
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2025 Gift Tax Limits at a Glance For 2025, the annual gift tax exclusion is set at $19,000 per recipient. Married couples who choose to split gifts may combine for an annual exclusion…
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Recent tax law changes will reshape how charitable deductions work beginning in 2026. For many individuals, especially high-income earners and consistent givers, the most meaningful planning opportunities sit in 2025. For…
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