Tax Changes for 2024-2025: What Tax Pros Need to Know
The IRS updates some tax laws every year, but some years see more significant updates than others. The 2024 tax year saw fewer… Read more
Understanding Passive Activity Loss Limitations
Navigating the complex landscape of passive activity loss limitations requires a clear understanding of passive loss… Read more
Energy Tax Credits for Home and Vehicles: Tax Year 2024 Overview
The Inflation Reduction Act of 2022 expanded and extended some major energy tax credits, giving taxpayers more opportunities… Read more
Natural Disaster Relief Tax Deduction: Everything You Need to Know
The IRS is one of many government agencies working to ease the burden on those impacted by natural… Read more
Per Diem Rates 2025: How is Per Diem Taxed?
Federal per diem rates help simplify travel expenses for employees and employers alike. But how are those rates set and… Read more
How to Calculate QBI Deduction (QBID)
The Tax Cuts and Jobs Act of 2017 created a new deduction for certain pass-through business income, known as the Qualified… Read more