Newsletter January 2026
Can You Claim a Tax Deduction for Tips or Overtime Income? If you received tips or overtime pay in 2025, you may be eligible for a new deduction when you file your income tax return. Both deductions can be claimed whether or not you itemize deductions. But various rules and limits apply. Also be aware […]
Newsletter February 2026
Unlock Bigger Deductions on Rental Real Estate Many rental property owners are surprised to learn that federal tax law often restricts their ability to deduct losses, treating most rental activities as passive unless specific requirements are met. But if you can qualify for the real estate professional exception, you may be able to turn otherwise […]
Newsletter March 2026
What’s New for Retirement Catch-Up Contributions in 2026 Beginning in 2026, a significant change to retirement plan catch-up contributions takes effect. Part of the 2022 Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act, the change affects higher-income taxpayers age 50 and older who contribute to certain types of employer-sponsored retirement plans. Catch-Up Contribution […]
Newsletter April 2026
What to Know If You Receive an IRS Notice Notices from the IRS are more common than you may realize. Each year, the IRS mails millions of letters to clarify information, confirm changes or request additional documentation. Receiving a notice may seem intimidating, but most notices can be addressed quickly with the right information and […]
Newsletter May 2026
Turn a Real Estate Sale Into a Tax-Smart Strategy Selling investment or commercial real estate can result in a substantial tax bill if the property has appreciated significantly. One strategy to help ease your tax burden is an installment sale. What’s an Installment Sale? In an installment sale, the seller gets at least one payment […]
Newsletter June 2026
Take Advantage of Expanded QSB Stock Tax Benefits Investors often look to small, emerging companies for portfolio diversification and growth potential, but these investments can offer more. Certain shares may also provide valuable tax advantages under the qualified small business (QSB) stock rules. Tax legislation signed into law in 2025, commonly known as the One […]
Newsletter July 2026
Simple Retirement Solutions for Small Business Owners Offering employees retirement options can be an effective way for small business owners to attract and retain talent. If you’re concerned about cost and administrative complexity, you’re not alone. Fortunately, several options are available, including a Simplified Employee Pension (SEP) plan. Establishing a SEP Plan You can set […]
Newsletter August 2026
A New Type of Tax-Advantaged Account for Children Families looking for another way to save for a child’s future may want to consider Section 530A accounts. Created by the 2025 tax legislation commonly referred to as the One Big Beautiful Bill Act, these tax-advantaged savings accounts, also known as Trump Accounts, are designed to help […]
Newsletter September 2026
Could Bad Debts Lower Your 2026 Taxes? When customers or others don’t pay what they owe your business, you may be able to claim a bad debt deduction to help offset the financial loss. But it isn’t automatic. Businesses must satisfy specific federal tax rules and maintain adequate records to support the deduction. Not Every […]