Why the IRS is Denying Contractors’ Donation Deductions
Most contractors think donating equipment, materials, or supplies is a “safe” tax write-off.
It’s not.
A recen...
Contractor Deductions
Writing Off Travel the Right Way
Headed to a trade show? Visiting a job site out of state? Travel deductions can save contractors thousands — if structured correctly. If the trip is primarily business and requires
2026 Vehicle Deductions (Trucks & SUVs)
Contractors: buying a truck in 2026? Read this first. 100% bonus depreciation is back. That sounds simple… but vehicle deductions are not simple. Here’s what matters: • Under 6,000
Your Mortgage Could Be Costing You More in Taxes Than You Think
Most contractors don’t realize this, but your mortgage might be costing you way more in taxes than it should.
...
Corporate Charitable Contributions: Important Tax Change Ahead
Under current law, C corporations can deduct charitable contributions up to 10% of taxable income. But starting in 2026, a 1% floor will change how much is deductible.
🌟 OBBBA SALT Deduction New Cap
The One Big Beautiful Bill Act (OBBBA) brings a change for many taxpayers by temporarily increasing the State ...
New OBBBA Senior Tax Deduction – Starting 2025
If you’ll be age 65 or older on December 31, 2025, the One Big Beautiful Bill Act (OBBBA) offers a new way to ...
🚗 Turn Your Personal Vehicle Into a Big Tax Deduction 🚗
Starting in 2025, the One Big Beautiful Bill Act (OBBBA) gives business owners a no-new-cash-outlay way to unl...
🚨⚡ Clean Vehicle Credits Are Ending Soon⚡🚨
If you’ve been eyeing an electric vehicle — or advising clients who are — now’s the time to act.
Currently, u...
🧒💼 Big Win for Employers Investing in Child Care! 💼🧒
The IRS Code §45F is getting a powerful upgrade — and it's a game-changer for businesses looking to support wo...
🚨 Big Tax News: SALT Deduction Cap Raised to $40,000
The Senate just passed Trump’s new tax bill, and it includes a major change to the State and Local Tax (SALT) ...
💸 Scammed in 2024? You might still be able to deduct the loss—but only in specific cases.
According to new data from the Federal Trade Commission, consumers lost over $12.5 billion to fraud in 2024. I...
Triple Tax Advantages: Reimburse Your Employee-Spouse for Health Insurance
Are you a self-employed business owner or a single-member LLC with your spouse as your only eligible employee?...
Can You Write Off a Pet on Your Taxes?
People ask this as a joke and are surprised by the answer. Under the right circumstances a pet genuinely can b...