Nicole M. Ramson

Self-Employed? You May Be Eligible for the Home Office Deduction

Once upon a time, employees could claim home office expenses as a miscellaneous itemized deduction, subject to a 2%-of-adjusted-gross-income floor, if the arrangement was for their employer's convenience. But such deductions were suspended for 2018 through 2025, and last year's One Big Beautiful Bill Act made that suspension permanent.

The Evolving Tax Impact of College Athletics

Financially speaking, college athletics are a whole new ballgame these days. Student-athletes can...

Is Your Business Eligible for Tariff Refunds?

The U.S. Supreme Court recently ruled that certain tariffs imposed under the International...

Employee Benefits Spotlight: Sec. 127 Educational Assistance Programs

To support workforce development and strengthen their benefits packages, businesses may want to...

Take Advantage of SIMPLE-IRA Catch-Up Contributions

If you participate in a SIMPLE-IRA and are age 50 or older, you can make so-called catch-up...

Which Parent Can Claim Child-Related Tax Breaks After Divorce or Separation?

Divorce or legal separation creates many questions. Among the most important financial...

Turn Your Volunteer Work into Tax Savings

As the holiday season approaches, you may be thinking about donating your time to a favorite...

New Law Reduces Tax Odds for Gamblers

Do you enjoy spending time at the casino or betting on sports? If so, you need to know about a new...

3 New Tax Breaks for Individuals

The One Big Beautiful Bill Act (OBBBA) introduces three potentially valuable tax breaks for...

5 Common Business Entities and Their Tax Implications

Choosing the right business entity is one of the most important decisions entrepreneurs make when...