The IRS Get Ready campaign offers tips, reminders and new information on what you need to prepare for the 2026 tax filing season. Among the changes and additions the OBBBA brings are tax deductions for tips, overtime, car loan interest and seniors. Here are tips to prepare for filing season: Access or login to an […]

The free credit score that your bank, credit union or credit card providers furnish when you check your credit is just one of many credit scores that you might have. When you apply for a mortgage, there’s no guarantee that the score you get from your credit card company is the same one that your […]

Small-business owners should recognize this sometimes-overlooked fact: Success often relies less on acquiring new funding and more on wisely utilizing existing resources. In other words, growth for its own sake isn’t always good business. By monitoring expenses, reevaluating pricing, and analyzing which products or services truly deliver value, you can strengthen your bottom line and […]

We generally assume that children aren’t required to pay taxes. But if your child has unearned income — such as interest and dividends from investments — the IRS may require them to file a return. There are two main situations to consider. Their unearned income exceeds $2,600 Your child will fall under what’s known as […]

Retiring from a business you founded isn’t like leaving a job. It’s a personal, financial and emotional process that takes time and coordination. Whether you want to sell, pass the business to family or simply step back, the best outcomes follow thoughtful preparation. Start with a clear plan Begin by asking key questions: When do […]

Taxpayers who worried about the expiration of several tax cuts from the Tax Cuts and Jobs Act of 2017 can now breathe easier. The One Big Beautiful Bill Act made most of those provisions permanent, which provides more stability for long-term tax planning. While this is welcome news, the law also introduced new provisions, eliminated […]

Private companies find themselves navigating a tax landscape marked by rapid change and increasing complexity. The wave of legislative, economic and technological developments over the past year has created novel challenges. It’s not enough to merely survive. All businesses are facing external challenges, and the most agile companies are often the most successful. Private companies should focus […]

The OBBBA includes several provisions that affect how individuals can deduct charitable contributions on their federal income tax returns. These changes influence both annual tax filings and estate planning decisions. Perhaps the most significant update is that the OBBBA makes permanent or modifies key provisions of the Tax Cuts and Jobs Act of 2017. As […]

Notice 2025-54 from the IRS updates the per diem rates taxpayers can use to cover lodging, meals and incidental expenses when traveling away from home. The rates take effect October 1, 2025, and include a special rate for the transportation industry, a rate for incidental expenses only, and the high-low rates for certain high-cost areas. […]

The One Big Beautiful Bill Act, signed in July, creates a special deduction for Americans age 65 and older. It provides a deduction worth up to $6,000 a year in tax years 2025 through 2028. To claim it, you must: Turn 65 or older by the end of the tax year. File a return that […]