Jul 28, 2025 | Tax Talk Tuesdays
The ability to deduct business interest expense is a significant tax benefit, especially for companies that rely on debt to fund operations and growth. However, that deduction has been subject to limits under Section 163(j) of the Internal Revenue Code, a provision...
Jul 21, 2025 | Tax Talk Tuesdays
For businesses looking to improve cash flow, manage tax liabilities, or adapt to growth, changing accounting methods can be a powerful strategy, especially in light of new IRS guidance and legislative updates. An accounting method determines how a company recognizes...
Jul 15, 2025 | Tax Talk Tuesdays
A Section 1031 exchange—named for the corresponding section of the Internal Revenue Code—remains a valuable tax-deferral tool for real estate investors in 2025. It allows for the deferral of capital gains taxes when an investment property is sold and the proceeds are...
Jul 8, 2025 | Tax Talk Tuesdays
The Advanced Manufacturing Production Credit (Section 45X), originally introduced by the Inflation Reduction Act of 2022, provides per-unit tax incentives to manufacturers producing and selling eligible clean energy components in the United States. With the recent...
Jul 1, 2025 | Tax Talk Tuesdays
Retirement today is about more than stopping work; it’s about starting the life you’ve been waiting to live. Today’s retirees are more active, purpose-driven, and eager to explore new possibilities. Whether it’s traveling the world, launching a passion project,...
Jun 24, 2025 | Tax Talk Tuesdays
When to start receiving Social Security benefits is one of the most important decisions in retirement planning. It has lasting implications for your income, taxes, and financial security. In 2025, changes in cost-of-living adjustments, taxation, and legislation such...
Jun 10, 2025 | Tax Talk Tuesdays
Bonus depreciation has provided businesses, particularly manufacturers, with a powerful tax-saving opportunity by allowing them to deduct a large portion of qualified asset costs in the year of purchase. However, this deduction may phase out, making strategic planning...
Jun 9, 2025 | Tax Talk Tuesdays
Relocating to a new state can significantly impact your tax obligations. State residency rules vary widely and can affect income tax, property tax, and eligibility for deductions or credits. Understanding how residency is determined is essential for taxpayers planning...
Jun 3, 2025 | Tax Talk Tuesdays
Paying for education has never been easy, but in 2025, families have more tools than ever to reduce the financial strain. From federal tax credits that offer immediate relief to state-sponsored 529 plans that grow tax-free and may offer income tax deductions or...
May 23, 2025 | Tax Talk Tuesdays
For business owners looking to lower their tax bills while positively impacting underserved communities, the Federal Empowerment Zone (EZ) program offers a compelling opportunity. Initially created in the 1990s to revitalize economically distressed urban and rural...
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