Act Now on Electric Vehicle Tax Credits
If you’re thinking about purchasing an electric vehicle for your business, or personally, time is running low. The One Big Beautiful Bill Act (OBBBA) signed in July terminates thre
Contractor Deductions
✨ New Charitable Deduction for Non-Itemizers ✨
Starting in 2026, taxpayers who don’t itemize deductions will have a new opportunity to reduce their taxable income through charitable giving: $1,000 deduction for single filers $2
🏡 New Tax Break for Mortgage Insurance Premiums (But With Limits)
Beginning in 2026, the OBBBA may allow taxpayers to deduct mortgage insurance premiums on qualified contracts issued after 2006. These deductions will count as part of your qualifi
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...
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 Your Pet on Your Taxes?
It depends… but in some cases, yes, you actually can. 🐶💼
As a tax professional, I get this question more of...