The AI tax deduction most business owners don't know about could cover the bulk of what they're spending to bring AI into their company this year. Excited about AI. Overwhelmed by AI. That's where most business owners sit right now — at the halfway point. They just don't know where to start, who to trust, […]
You can, in the right circumstances, and in 2026 it may be the difference between a real tax break and almost none at all. Here is the short answer for a business owner who supports a church, a school, or another 501(c)(3): if the payment is directly tied to your business and you make it […]
OBBBA tax changes for business owners are available right now, but a lot of owners still are not feeling the benefit yet. And honestly, that should not surprise anyone. The latest U.S. Chamber Small Business Index shows softer confidence, lower hiring and investment expectations, and inflation still sitting near the top of the worry list. […]
2026 phaseout thresholds for business owners are already set — even while most people are still focused on finishing the 2025 return. And a few of these numbers moved in ways that should change what you do next. Right now, your 2025 tax return is probably top of mind. But while you're focused on last […]
The ACA subsidy repayment 2026 rules are harsher than many taxpayers realize. If you buy coverage through the Marketplace and your income comes in higher than expected, the old repayment caps are no longer there. For business owners, early retirees, and anyone managing MAGI carefully, that changes the planning math in a big way. For […]
The qualified bicycle commuting reimbursement eliminated after 2025 is now the rule under the One Big Beautiful Bill Act (OBBBA). If you reimburse employees for bicycle commuting costs in 2026 or later, those payments are taxable wages to the employee—and the employer deduction is no longer allowed. Before this final change, the Tax Cuts and […]
Section 179 deduction limit 2026 is now $2,560,000 (with the phase-out threshold at $4,090,000). Did your CPA notice? The One Big Beautiful Bill became law in July. That was seven months ago. So let me ask you something: has your CPA changed anything about your tax plan since then? Because one of the biggest changes […]
The no tax on tips deduction for 2025 was created by the One Big Beautiful Bill Act (OBBBA) and applies retroactively starting January 1, 2025. The IRS also announced that 2025 is a transition year—meaning the deduction works differently in 2025 than it will in later years. If you’re a tipped worker (or you advise […]
If you need a replacement business car, SUV, van, or pickup and you’d love more write-offs before December 31, 2025, the 2025 OBBBA vehicle tax deductions can be a big win. Thanks to the One Big Beautiful Bill Act (OBBBA), certain vehicles can be written off almost entirely in the first year, while others get […]