Contractors: Don’t blame yourself if you’ve been running on the assumption that your company is ineligible for the federal research and development (R&D) tax credit. Many people believe the potentially…
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Saving taxes probably isn’t your primary reason for supporting your favorite charities. But tax deductions can be a valuable added benefit. If you donate long-term appreciated stock, you potentially can…
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The One Big Beautiful Bill (OBBB) introduced or updated numerous business-related tax provisions. The changes that are likely to have a major impact on employers and payroll management companies include…
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Background Discussion Qualified Tuition (529) Plans were established in 1996 to provide families with tax-advantaged savings accounts for college. In addition to a possible state tax deduction for the contribution,…
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For 2025 through 2028, individuals age 65 or older generally can claim a new “senior” deduction of up to $6,000 under the One Big Beautiful Bill (OBBB). But an income-based…
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Approximately 1.3 million Americans live in nursing homes, according to the National Center for Health Statistics. If you have a parent moving into one, taxes are probably not on your…
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