A: Yes, here’s how.** Whether you are driving to client meetings, visiting job sites, running to the bank, or picking up supplies, those miles add up quickly. And the good news is that many of them are deductible as long as they meet IRS rules and you track them properly. Let’s break it down in […]

2025 Child Tax Credit Updates: What You Need to Know Why the 2025 Changes Matter If you have children, the new rules for the Child Tax Credit (CTC) can significantly impact your tax bill. The updates for the 2025 tax year bring both higher benefit amounts and stricter eligibility requirements. With proper tax planning, you […]

The Stress of Unexpected IRS Bills & Penalties There’s nothing worse than filing your taxes and discovering you owe far more than expected. For many business owners, unexpected IRS bills, penalties, and interest come from not reviewing their finances often enough. The solution isn’t to work harder during tax season, it’s to stay ahead of […]

Running a small business means wearing a lot of hats; but “tax expert” doesn’t have to be one of them. Still, missing out on key deductions can mean you’re leaving money on the table. 💸 To help you maximize your savings, here are five commonly overlooked tax deductions that can make a real difference when […]

Introduction: A Tax Break for Hardworking Americans Starting in 2025, a landmark provision in the One Big Beautiful Bill Act (OBBBA) introduces a valuable deduction: up to $12,500 of your overtime “premium” pay (or $25,000 for joint filers) can be excluded from federal taxable income, making overtime earnings effectively tax-free, with some limitations. KiplingerIRSWikipedia What […]