If you’ve ever faced the financial and emotional blow of property damage, theft, or disaster, your first question after recovery might be: Can I claim this loss on my taxes? Unfortunately, the answer is complicated and for most individuals, not
Since its introduction in 2018, the Qualified Opportunity Fund (QOF) program has been one of the most powerful tools for taxpayers looking to reinvest capital gains while reducing and in some cases eliminating, their tax liabilities. Through these funds, billions
Are you involved in a dog breeding business or thinking about starting one? Whether you’re passionate about champion bloodlines, show-quality breeds, or simply love dogs and want to turn that love into income, there’s one thing you need to know
When Congress passed the One Big Beautiful Bill Act (OBBBA) in late 2024, headlines celebrated one particular provision: “No Tax on Tips Begins in 2025!” It sounded like a huge win for millions of service workers from bartenders to baristas
If you’re self-employed or running a small business, you already know how unpredictable cash flow can be. Some months you’re up, others you’re juggling expenses, client payments, and taxes all at once. But there’s one silent cash flow killer that
The One Big Beautiful Bill Act (OBBBA) delivers a major overhaul to the educator expense deduction, reshaping how teachers and school professionals can claim their out-of-pocket costs. If you’re a teacher, coach, counselor, or administrator, this update could directly affect
If you’ve been thinking about making energy-efficient upgrades to your home, the clock is ticking. Under current law, as updated by the One Big Beautiful Bill Act (OBBBA), homeowners can claim up to $3,200 in tax credits for 2025 but
The alternative minimum tax (AMT) is one of those tax rules that most people don’t think about until it suddenly applies to them. For years, many taxpayers avoided it thanks to the higher exemption thresholds created by the Tax Cuts
If you’re filing taxes in 2025, there’s some great news you don’t want to miss. The One Big Beautiful Bill Act (OBBBA) just made one of the most popular tax breaks, the standard deduction not only larger but also permanent.
If you currently own a home or plan to buy one soon, the One Big Beautiful Bill Act (OBBBA) is set to shake up a few important parts of homeownership tax benefits. One of the biggest areas getting attention is
