Tax Season Is Coming, Here’s What to Know
Tax time is just around the corner, and if you are like most taxpayers, you are probably facing the ominous chore of compiling records in preparation for your tax appointment—whether in person, by videoconference or telephone. The difficulty of this task depends upon how well you maintained your tax records throughout the year. No matter […]
Navigating 2025’s Game-Changing Tax Reforms for Individuals and Businesses
With tax season upon us, taxpayers across the nation are trying to grasp the many tax changes for 2025. Central to these transformations is the One Big Beautiful Bill Act (OBBBA), a comprehensive tax reform. This pivotal legislation introduces a range of changes that will directly impact virtually everyone’s tax return—whether a working individual, a […]
Video Tips: Change to Educator’s Deduction Under OBBBA
Beginning in 2026, the One Big Beautiful Bill Act (OBBBA) restores the educator’s itemized deduction for qualified unreimbursed expenses and retains the $350 (for 2026) above-the-line deduction. Educators who itemize their deductions can allocate their expenses between the two methods.