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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 upfront: 👉 The IRS is watching closely. Dog breeding has long been on the IRS’s […]

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 who rely on tips to make a living. But like most things in the tax

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 catches even experienced entrepreneurs off guard every year: IRS estimated tax penalties. You might think

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 your take-home pay and how much of your hard-earned dollars stay in your pocket. The

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 only if the improvements are placed in service by December 31, 2025. That means installed

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 and Jobs Act (TCJA). But starting in 2026, the One Big Beautiful Bill Act (OBBBA)

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. For millions of Americans, this change could mean simpler tax filings, fewer headaches with itemizing,

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 the mortgage interest deduction. These changes officially kick in starting in 2026, and while that

If you regularly give to charity or are planning to there are some big changes coming that could affect your taxes. The One Big Beautiful Bill Act (OBBBA) introduces new rules starting in 2026, and depending on your situation, they might help you… or they might shrink the tax benefits you’re used to. Let’s break

If you’ve ever felt frustrated by the $10,000 cap on state and local tax (SALT) deductions, you’re not alone. For years, that cap has been a thorn in the side of homeowners and taxpayers in high-tax states. But starting in 2025, there’s finally some breathing room. Thanks to the One Big Beautiful Bill Act (OBBBA),