The OBBBA gambling loss deduction change is one of the sneakiest IRS moves yet. Buried in the One Big Beautiful Bill Act (OBBBA), it creates serious headaches for gamblers across the country. Starting in 2026, both casual and professional gamblers will be limited to deducting only 90% of their gambling losses. That leftover 10%? Gone. […]
OBBBA bonus depreciation is one of the most powerful tax breaks business owners overlook. Do you own or lease a commercial property for your business? Whether it’s an office, warehouse, retail space, or clinic — this might be the most overlooked deduction in your entire tax strategy. How Cost Segregation Unlocks 30% of Your Building […]
Bonus depreciation class rule is something most business owners don’t hear about until it’s too late. Imagine this: you finally buy the big SUV for your company — $85,000. Perfect for client visits and hauling supplies. And yes, because it weighs over 6,000 lbs and is used 100% for business, you can write it off […]
Charitable giving has always been good for business, but under the new OBBBA charitable giving tax strategy, it’s now a powerful way to cut your tax bill. The law requires businesses to give at least 1% of taxable income before deductions start to count—but once you cross that threshold, every extra dollar you give unlocks […]
Updated for the 2025 filing year with a preview of 2026 enhancements under the One Big Beautiful Bill Act (OBBBA). What Is the Educator Expense Deduction? For 2025, eligible educators can claim an above-the-line deduction of up to $300 for qualifying out-of-pocket costs. This reduces AGI and applies whether or not you itemize. If both […]
Immediate R&D expensing for small businesses is finally here. Let’s make sure you get what’s yours. 💥 If your business has ever spent money developing software, testing products, or doing anything remotely close to research and development here in the U.S., this is for you. What Changed: Immediate R&D Expensing for Small Businesses The IRS […]
Roth conversion tax traps under OBBBA can sneak up on even the smartest business owners. Lisa is 59, runs a successful dental practice, earns around $220K a year, and just did what her financial advisor called a “smart Roth conversion.” She moved $100,000 from her traditional IRA into a Roth. She was excited—this meant tax-free […]
Tax strategy is my love language because it protects income—income that can then be put to work. That’s why I believe in tax strategy for generational wealth, because the right plan turns income into lasting assets. When I came to the United States and started working as a CPA in Orange County, California, wealth was […]
When it comes to OBBBA 2025 tax planning, it’s anything but “business as usual.” The bill locked in permanent tax rates while tightening rules on deductions, credits, and timing. Translation: waiting until December to figure out your taxes will cost you money. OBBBA 2025 Tax Planning: What Changed for Business Owners Key Deadlines That Shape […]