| Nico P. Saborse

Ready, Set, File: 8 Tax Deductions You Might Not Know About

Years ago, many taxpayers itemized deductions instead of claiming the standard deduction. But fewer taxpayers are itemizing today due to a bevy of changes in the Tax Cuts and Jobs Act (TCJA). The TJCA provisions that increased the standard deduction and limited or suspended certain itemized deductions are currently scheduled to expire after 2025. However, these provisions will likely be extended (or possibly expanded) now that Republicans control Congress and the White House.

Unwrap the Fine Print: Essential Gift Card Tips for the Season

With the holiday season rapidly approaching, you may consider gift ideas for friends, family...

Which TCJA Changes for Individuals Are Permanent under Current Tax Law?

The landmark Tax Cuts and Jobs Act (TCJA)was passed in late 2017, but the law is still in the...

Business Owners: Failure to Substantiate Donations Can Be Costly

Charitable donations can provide businesses with significant tax savings. But for gifts over a...

Important Things to Know about 529 College Savings Account Withdrawals

Have you set up Section 529 college savings plans for your children or grandchildren? The major...

Do You Qualify for the 0% Tax Rate for Capital Gains and Dividends?

Many people currently qualify for a 0% federal income tax rateon net long-term capital gains...

Tax Credit Cuts Price of Home Energy Audits

Homeowners have long been rewardedwith favorable tax treatment for making energy-efficient...

Don’t Overlook the Child Care Tax Credit

For years, the tax code has offered an incentive for employers to provide child care to their...

QBI Deduction: Use It or (Possibly) Lose It

The qualified business income (QBI) deduction is available to eligible individuals through 2025....

Tax Breaks for Employer-Paid Education Expenses

Is your business struggling with a shortage of skilled workers in today's tight labor market? One...