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Tax Deductions

Deducting Personal Theft Losses Will Soon Get a Little Easier

If you're unlucky enough to suffer a personal theft loss, you may be entitled to a federal income...

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...

Traveling for Business with Your Spouse

If you're a business owner, you may have upcoming business trips on your agenda. The idea of taking...

Unwrap the New Tax Rules for Charitable Donations

The holiday season is right around the corner, and that's when many charitably inclined people...

New Tax Rules Have Been Set: Start Planning Now

Individual taxpayers faced significant tax planning uncertainty for the first six months of the...

How to Properly Report Your Company’s COGS

Do you own a business that manufactures or sells physical goods? For these businesses, accurate...

Massive Budget Law Includes Numerous Business Tax Provisions

The new One, Big, Beautiful Bill Act (OBBBA) is packed with tax provisions that will affect U.S....