Here’s How Much Your Standard Deduction Just Increased
The federal government regularly adjusts everything from Social Security benefits to retirement account limits to account for inflation. The same ...
Sunday, January 25, 2026
Tag: Deduction
IRS Announces 2026 Income Tax Brackets, Updated Standard Deduction
Each year, the IRS updates common tax provisions, such as income tax brackets and the standard deduction, to ensure the ...
Standard Deduction – Tax Exemption and Deduction
Updated for tax year 2025. Everyone wants to know the magic trick to lower their tax burden when tax season ...
Inside the OBBBA’s deduction for tips
About three or four times a year, a client will offer a tip to Bill Nemeth for his work on ...
The New Tax Deduction for Car Loans Isn’t As Great As It Sounds. Here’s How It Works.
Personal loan interest hasn’t been deductible since the Tax Reform Act of the ’80s. President Donald Trump changed that when ...
Trump Savings Accounts, Explained | The Deduction Podcast
Who are Trump Accounts really for, and will they actually help families save? With yet another savings vehicle added to ...
What is the Qualified Business Income Deduction?
In recent years, the tax landscape for businesses has undergone significant changes. One notable provision is the Qualified Business Income ...
What is the SALT Deduction?
If you’ve never heard of the State and Local Tax (SALT) deduction, you’re not alone. But if you have, you ...
Split-Dollar Insurance Failure: Income and No Tax Deduction – Houston Tax Attorneys
Business owners frequently seek ways to maximize tax deductions while providing benefits to key employees. Life insurance arrangements can play ...
Breaking Down the Senior Deduction in the One, Big, Beautiful Bill
The House-passed reconciliation bill leaves out Trump’s promise to eliminate taxes on Social Security benefits, opting instead to expand the ...
The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.