News and Updates

Important Tax Figures for 2026

Every year, the amounts allowed for various federal tax benefits are subject to inflation adjustments and legislative changes. The following list provides some important federal tax information for 2026, as compared with 2025.

CCRCs: Key Tax Implications for Residents

The demand for long-term care facilities in the United States continues to rise, along with the...

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

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

FAFSA for 2026-2027: What Students and Families Need to Know

The Free Application for Federal Student Aid (FAFSA) form for the 2026-2027 school year is now...

New 1099 Rules May Bring Relief to Some Businesses

The One Big Beautiful Bill Act (OBBBA) has garnered headlines for extending dozens of tax...

Strategies for Saving: Year-End Tax Planning for Individuals

Year end is here, but there's still time for individual taxpayers to make moves to lower their 2025...

Favorable Changes to the Business Interest Deduction Rules

Under current law, the deduction for business interest expense is generally limited to 30% of...

Buy or Lease? Choosing the Right Option for Your Business

Does your company need to upgrade or add any equipment, vehicles, leasehold improvements or other...

6 Year-End Small Business Tax Saving Tips

There's still time for small businesses and their owners to implement strategies to save taxes for...

Why Estate Planning Still Matters

Given the dramatic increase in the federal gift and estate tax exemption over the last 20 years,...