Top 10 Things People Try to Deduct that Aren’t Deductions |
The fastest way to attract an IRS audit is to start writing off expenses that were never deductible in the ...
Wednesday, December 24, 2025
Tag: Deductions
How Short-Term Rentals (STRs) Unlock Deductions For Real Estate Investors |
Short-term rentals have become one of the most effective tools for real estate investors who want to build wealth, reduce ...
Tax Deductions for Small Businesses
Key Takeaways Small business tax deductions reduce taxable income and help owners lower their overall tax liability. Common deductions include ...
IRS issues guidance on tip and overtime deductions
The Internal Revenue Service and the Treasury have issued guidance for taxpayers to claim the deductions for tips and overtime ...
The Six Most Overlooked Deductions That Maximize Your Refund Today
Tax season is one of the most stressful times of the year, but it also presents opportunities. Many taxpayers miss ...
6 Deductions That Just Got Harder to Claim
Tax season is never simple, but for retirees, it just got more complicated. The IRS has quietly adjusted guidelines that ...
Who Qualifies as a “Designer” for Section 179D Energy Tax Deductions? – Houston Tax Attorneys
Contractors regularly upgrade HVAC systems and lighting in commercial buildings to improve energy efficiency. These projects can be expensive. When ...
Tax Deductions for Gen Z, Millennials, and Boomers
Key Takeaways: Tax deductions vary by generation: Each age group, Gen Z, Millennials, and Boomers, has unique tax-saving opportunities based ...
One Big Beautiful Bill News – IRS Fact Sheet for Tax Deductions News
Background The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4, 2025. For an in-depth analysis of this ...
Best Tax Deductions for a Small Business
Updated for tax year 2025. Being a small business owner comes with some unique challenges — including figuring out how ...
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.