The One Big Beautiful Bill Act (OBBBA) included favorable changes to the federal income tax rules for depreciating business assets. And there are annual inflation adjustments to keep track of as well. Here's an update on the first-year depreciation rules for yet-to-be-filed 2025 federal income tax returns and the 2026 tax year.
Every year, the amounts allowed for various federal tax benefits are subject to inflation...
There's still time for small businesses and their owners to implement strategies to save taxes for...
Significantly fewer taxpayers have owed the alternative minimum tax (AMT) for the last several...
Section 529 plans are most commonly used as a tax-favored way to save and pay for college expenses....
The recently enacted One Big Beautiful Bill Act (OBBBA) marks a significant step by President Trump...
For the first half of 2025, individual taxpayers faced an uncertain tax situation because many...
There are important changes affecting Pennsylvania business entities and foreign entities...
With property values soaring in many beach, mountain and other destinations, some vacation home...
The issue of individual taxpayers deducting bad debt losses has historically been a source of...