Tax Year 2026 brings some of the most aggressive deduction limits in U.S. history. We break down the $2.56M Section 179 cap, how to qualify for 100% bonus depreciation on heavy vehicles, and the new $10,000 car loan interest deduction for personal use. Stay compliant and maximize your refund.
Don't let a missing Form 8962 lead to a rejected tax return or a lost subsidy. Our updated 2026 guide covers everything from basic eligibility to advanced HSA strategies that keep your income below the cliff and your money in your pocket.
Think living in Texas makes you "tax-free"? Think again. While there is no state income tax, the 2026 federal landscape is shifting. From the return of the OBBB Act brackets to groundbreaking new overtime deductions, here is what is actually being taken out of your paycheck, and how to keep more of it.
Did you know you can claim mileage deductions if you use your vehicle for business or certain other approved activities? You calculate this deductible amount using the IRS mileage rates. Since the IRS updates these official rates regularly to reflect…
Can you really pay 0% in capital gains tax in 2026? Whether you’re a business owner planning an exit or a savvy investor, discover the strategies (like the "Tax Gap" and QSBS) that can help you keep more of your profits.
The Bottom Line Up Front: What You Need to Know Now The IRS, in coordination with the U.S. Department of the Treasury, officially announced that paper tax refund checks for individual taxpayers will be phased out. This became effective September…
Making millions of dollars each year is a huge win for many business owners. It usually comes with the feeling of real financial success. But there’s one problem. Without effective wealth management, this level of financial success often brings an…
Key Takeaways Investors who used Opportunity Zones (OZs) to defer capital gains will face a potentially costly tax deadline in 2026. Deferred gains must be recognized by December 31, 2026, and reported on tax returns. The 5-year and 7-year step-up…
Did you know that in high-tax states like California, New Jersey, or New York, personal income tax alone can eat up more than 10% of your income? And that’s before federal taxes! It is no wonder more business owners are…
Every tax season, business owners and professionals search for ways to reduce their tax bills. As a result, a troubling trend has emerged online: fraudulent tax schemes spreading through social media. These scams lure people with claims of quick, guaranteed…
Why does it feel like a huge chunk of your profits just disappears every year to taxes? For many business owners paying over $100,000 in annual taxes, that feeling of a heavy, unavoidable burden is all too common. This is…
"When have I reached the point where I need more than just a tax preparer?" That’s a question on the lips of many business owners. Frankly, there’s no one-size-fits-all answer, and many struggle with determining whether investing in a dedicated…
Did you know that Tax Goddess just turned 21?!! (I know, I know, we look too young! ;p While today we are ranked among the top 1% of tax strategists in the U.S., it all began with something much smaller…
Congratulations! Your baby has a retirement account! Yes, you read that right. And no, it’s not a meme. On July 4, 2025, a sweeping federal law introduced a new type of tax-advantaged savings account for children, known as the Trump…
As a real estate agent, your days are filled with hustle–driving to client meetings, staging open houses, and sealing the deal on dream homes. And when tax season rolls around, all that hard work can translate into substantial tax savings…