Many business tax limits have increased in 2025
February 4, 2025
For 2025, inflation-adjusted changes were made to certain business tax provisions. Here’s how much your employees can contribute to their 401(k)s and FSAs this year, as well as other important business tax amounts.
The standard business mileage rate increased in 2025
January 20, 2025
The price of gas is slightly higher than it was a year ago. How does this affect the amount you can deduct for business driving in 2025? Here’s the latest on the cents-per-mile rate for this year.
Small business strategy: A heavy vehicle plus a home office equals tax savings
January 13, 2025
Small business owners can potentially claim large first-year depreciation deductions for heavy vehicles and home office deductions. The combination can result in major tax savings. Here’s how.
Saving for college: Tax breaks and strategies your family should know
January 7, 2025
There are some tax-savvy ways to build education savings and pay for college. Here’s how to help maximize education funds and minimize financial stress.
Maximize your 401(k) in 2025: Smart strategies for a secure retirement
January 2, 2025
In the new year, you may want to contribute new amounts to your employer’s 401(k) plan or Roth 401(k). Here are the contribution limits for 2025.
Adoption tax credits: Easing the financial journey of parenthood
December 18, 2024
Adopting a child? You know there can be many steep expenses. Fortunately, there may be valuable tax breaks for parents. Here are the relevant amounts for 2024 and 2025.
