Game, Set, Tax: The Parent’s Playbook for Sports Expenses, Deductions, and NIL

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Article Highlights: Sports Expenses As a Childcare Expense Charitable Contributions Volunteering Parents Use of an Asset by a Charity Medical Expense Exception When a Child’s Sport Becomes a Business Recordkeeping…

The Tax Law Changed. The Real Story Is What Comes Next.

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When Congress passes a major tax bill, most people assume the hard part is over. In reality, that's often when the next phase begins. Earlier this month, the U.S. Department of the Treasury and the Internal Revenue Service released their 2026…

IRS Announces Mid-Year Optional Vehicle Mileage Rate Increase 

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Article Highlights: Mid-year Increase Items Included in the Optional Mileage Rate What Can Be Deducted in Addition to the Optional Mileage Rate Switching Methods With gas prices soaring it has been expected the IRS would increase…

Weddings, Childcare, Children’s Summer Employment, and Travel: Navigating Summer’s Tax Minefield

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Weddings, Childcare, Children’s Summer Employment, and Travel: Navigating Summer’s Tax Minefield Article Highlights: Why Summer Matters for Taxes Marriage in Summer Childcare and Summer Camps Summer Jobs for Children …

Tens of Millions Claimed New Tax Breaks — Did You Miss One?

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Article Highlights: IRS Preliminary 2025 Tax Returns Filing Data What the Government Reported Overall Uptake Overtime (OT) Deduction Tip Income Deduction Enhanced Senior Deduction Carloan Interest for Americanmade…

Did You Repay Money You Paid Taxes on in a Prior Year?

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There is a Solution to Provide Tax Relief. Article Highlights: Repaid Income that Was Taxed in a Prior Year Claim of Right Doctrine Common Situations for Repayment Relief Mechanisms: Deduction or Credit Determining the Best…

Estimated Tax Payments Are Not Just for the Self-Employed

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Article Highlights: Employees Self-Employed Individuals Periodic Payments Underpayment Penalty Safe Harbor Payments Unlike employees, who have income, Social Security, and Medicare taxes withheld from their wages, self-employed…

Unlock Tax Savings with the New Auto Loan Interest Deduction, A Must-Read for Savvy Taxpayers!

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Article Highlights: Taxpayer Eligibility and Deduction Limits Personal Use Requirement Deduction on Mixed-Use Vehicles Types of Eligible Expenses Qualified Vehicles What Interest Qualifies Lender Reporting Requirements The…

Unraveling the 2025 Tax Overhaul: How New Laws Could Impact You

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Article Highlights Standard Deductions Increased New Senior Deduction Qualified Sound Recording Production Expenses Required Minimum Distributions (RMD) No Tax on Tips No Tax on Qualified Overtime New Vehicle Loan Interest…

The 2025 Guide to Small Business Tax Deductions You Can’t Afford to Miss

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When it comes to running a successful small business, every dollar counts. Yet every year, many owners miss out on valuable tax deductions — and with them, the chance to strengthen their cash flow and reinvest in growth. In 2025, smarter…