Recent Posts
How New Tax Laws Might Help You Keep More Money In Your Paycheck This YearNovember 24, 2025 - 8:52 pmThe “One Big, Beautiful Bill” introduced several new tax breaks and expanded others, which will likely lower 2025 tax bills or increase refunds for many taxpayers. Because of this, some people may want to adjust the amount they have withheld from their final paychecks of the year.
IRS Increases Contribution Limits for 7 Retirement Accounts — Including the First IRA Catch-Up Hike In Years. Here’s How Much More You Can Save In 2026November 17, 2025 - 10:46 pmThe IRS has announced inflation-based increases for seven types of retirement accounts. Income limits for IRAs and the cap for qualified charitable distributions are also rising. These changes will apply to tax returns filed by April 2026.
How The ‘One Big Beautiful Act’ Changes The Business Interest Expense LimitationNovember 10, 2025 - 8:49 pmGiven the significant role of debt financing in real estate ventures, understanding and planning around these updates is essential to maximize tax efficiency.
Don’t Get Hit With A 25% Penalty: What The New IRS Rule Means For Inherited IRAsOctober 27, 2025 - 8:43 pmAs the largest wealth transfer in U.S. history accelerates, millions of Americans are poised to inherit more than assets—they may also inherit unexpected tax headaches.
Six Ways Your Income Taxes Change In Retirement — For Better and WorseOctober 20, 2025 - 11:31 pmWhen you retire, your federal income tax situation will almost certainly look different from what it did during your working years. Understanding how your tax situation evolves in retirement may help you keep more money in your pocket.
IRS Cracks Down On Travel And Meal Deductions: What Expenses Won’t Fly In 2025October 13, 2025 - 8:25 pmInflated or unsupported business travel and meal write-offs could trigger audits or penalties. Experts say this move reflects the IRS’s broader effort to curb abuse of business expense claims.
New Tax Rules: Income The IRS Won’t Touch In 2025October 6, 2025 - 8:31 pmWhile the OBBB tax and spending law will offer potential breaks for many, it also introduces confusion about what’s truly non-taxable. Here’s a breakdown of income the IRS won’t tax and how the new law might impact your next return.
Major 401(k) Tax Break For Certain Earners Is Coming To An EndSeptember 29, 2025 - 7:49 pmThe IRS has issued final regulations for a 2022 law, which will require high-earning workers aged 50 and up to make pre-tax catch-up contributions.
Three Tax Myths You Can’t Afford To Believe
As is the case with many financial matters, there’s lots of bad information out there within the realm of taxes. That’s why It’s important to arm yourself with good information when tackling your tax return. You can’t afford to buy into myths that could seriously lead you astray. CLICK ON THE HEADLINE FOR MORE
Your Unpaid Taxes Still Accrue Interest Even Though IRS Suspends Collection Notices. Here Are Some Payment Options To Consider
With a backlog of millions of returns, the IRS has temporarily stopped sending out more than a dozen types of automated notices, including some for unpaid taxes. But that doesn’t mean interest stops accruing on outstanding balances. Although the agency has been difficult to reach by phone, there are a few ways to resolve unpaid taxes. CLICK ON THE HEADLINE FOR MORE
15 Self-Employment Tax Deductions
Finding out you owe $10,000 in taxes instead of $15,000 is a big win, but not if you don’t have anywhere close to $10,000 set aside. While self-employment tax deductions can save you money, don’t expect them to wipe out your tax bill completely, Once you’ve made a habit of setting aside money for taxes, you can keep more of it in the bank. CLICK ON THE HEADLINE FOR MORE