Tax Deductions

Blog Category

FICA Tip Credit Explained (Part 1):Why It’s Valuable and Why It’s Missed

How many restaurant owners are eligible for the FICA Tip Credit but have never claimed it? And how many technically...
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Don’t Lose Your Goodwill Donation Deductions: Why Proper Documentation Matters

Donating clothing and household goods to charity is a meaningful way to give back—and it can also provide valuable tax...
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Helping Your Employees Understand the Withholdings on Their Paychecks

Do your employees often question why their paychecks seem smaller than expected?You’re not alone if you’ve had someone walk into...
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One Mistake Can Make Your Qualified Charitable Distribution Fully Taxable

For charitably minded IRA owners, Qualified Charitable Distributions (QCDs) are one of the most tax-efficient giving strategies available. They allow...
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Business Gift Tax Deduction Limits: What Small Business Owners Need to Know

Giving holiday gifts to clients, referral partners, and vendors is a common and smart practice for small business owners. But...
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The New No Tax on Tips Deduction: What Workers and Employers Should Know

Congress recently passed the One Big Beautiful Bill Act (OBBBA) introducing a much-publicized new tax break known as the “No Tax...
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OBBBA Adds Possible Senior Tax Deductions

If you will be age 65 or older on December 31st, 2025, you have a new opportunity for savings with...
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OBBBA Increases the Tax Benefit of Employing Your Child

If you own a business and have children, the One Big Beautiful Bill Act (OBBBA) just made the popular “hire...
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