November 2024 | Fast Forward Accounting Solutions

Tax Deductions 2024: What Can I Deduct and How Do They Work?

November 25, 2024

The Internal Revenue Service offers scores of deductions to help you keep more of your earnings in your pocket. With a filing deadline of April 15, 2025, here's what you need to know about deductions for tax year 2024.

How You Could Benefit from Tax-Loss Selling This Year

November 18, 2024

It’s important to note that tax-loss selling is only a worthwhile strategy if you have taxable accounts. As 2024 winds down, here are some of the most fruitful spots to look for tax-loss candidates.

Eight Groups Who Can Expect New Tax Breaks Under Trump

November 11, 2024

Donald Trump’s biggest campaign promises included extending the tax law he signed in 2017, which lowered many Americans’ income taxes. But he also promised to “pursue additional tax cuts” if elected. Now that he’s headed back to the White House, you might be wondering — even if you didn’t vote for him — whether you stand to benefit from those new tax breaks.

The 401(k) And IRA Contribution Limits For 2025: Here’s How Much You Can Save

November 4, 2024

The IRS sets annual caps on contributions to both workplace and individual retirement plans that fluctuate to keep up with inflation. See the 2025 contribution limits that were just announced.

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IRS Warns Americans About Tax Scams With New Fraud Reporting SystemMarch 2, 2026 - 9:08 pm
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IRS Issues Stern Warning For Taxpayers Claiming Two Popular CreditsFebruary 16, 2026 - 8:48 pm
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IRS Issues Advice To Millions Ahead Of Tax DeadlineFebruary 9, 2026 - 10:16 pm
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Trump’s Tax Cuts: What Will Be Different When You File Taxes In 2026?February 2, 2026 - 7:32 pm
Although many of the changes take effect in 2026, taxpayers will already notice meaningful differences when filing their 2025 tax returns. You’ll find new deductions and new forms when you file taxes this year, thanks to the One Big Beautiful Bill Act.
12 Tax Strategies Every Self-Employed Worker Needs In 2026January 26, 2026 - 5:22 pm
From freelancers and creatives to skilled tradespeople, real estate agents, and niche consultants, self-employment spans nearly every industry. While working for yourself offers flexibility and opportunity, it also brings financial responsibility—especially when it comes to taxes.
IRS To Begin Accepting Tax Returns On Jan. 26: What Taxpayers Should KnowJanuary 19, 2026 - 7:54 pm
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