Tax Strategies

Beginning in 2026, individuals who itemize deductions and donate to charity will face a new limit on their charitable deductions. And in some cases, they’ll face two new limits. But there’s some good news for non-itemizing individuals who make charitable […]

Unlocking Retirement Savings: The Backdoor Roth IRA Strategy Retirement savings are a cornerstone of financial security, yet high-income earners often hit roadblocks when trying to contribute to Roth IRAs due to income limits. Enter The Backdoor Roth IRA – a […]

Setting the Stage In the ever-changing economic landscape, the “S-Corporation” (S-Corp) continues to be touted as a top option for business owners seeking favorable tax treatment. An S-Corp enjoys the limited liability protections of a corporation while also boasting the […]

As the tax deadline approaches, many business owners wonder how they can reduce their accounting and tax preparation costs. The quick answer is to do as much as you can before sending your information to your tax accountant. Many business […]

The Tax Cuts and Jobs Act (TCJA) made sweeping changes to the federal tax rules for individual taxpayers. Many of these provisions are scheduled to expire at the end of 2025. but there’s a chance that some (or all) of […]

The Tax Cuts and Jobs Act (TCJA) included many important federal income tax provisions that affect small business taxpayers and their owners. Some of these provisions are scheduled to expire in the near future, unless they’re extended or made permanent […]

United States citizens and resident aliens are required to report their worldwide income on their U.S. federal tax returns every year. The foreign tax credit is a tax benefit for U.S. taxpayers that helps offset income taxes paid to foreign […]

Have you ever felt like Tax Day snuck up on you? If so, you aren’t alone. In 2022 over 19 million people filed an “extension” for their individual tax return, allowing them to delay the due date of their tax […]