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 ...
Tuesday, March 24, 2026
Tag: Deduction
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 ...
Section 179D Tax Deduction Claimed in Final Year – Houston Tax Attorneys
Architects and engineers who design energy-efficient government buildings can qualify for a Section 179D tax deduction. Technically, it is the ...
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