Business deductions for four-legged coworkers
April 22, 2026
Expenses related to animals that protect business property or inventory may qualify for tax deductions. But the IRS draws a clear line between a working animal and a household pet. Learn the tax rules and required documentation.
4 types of interest expense you may be able to deduct
April 3, 2026
The rules for interest expense deductions for individual taxpayers are complex. Find out what you might be able to deduct on your 2025 income tax return.
What’s your potential business vehicle deduction?
March 26, 2026
There’s much to consider before deciding whether to use the actual expense method or cents-per-mile method to deduct expenses for a vehicle your business placed in service in 2025.
Parents: Claim all the tax credits you’re entitled to
March 19, 2026
Child, dependent, adoption and education tax credits can provide significant tax savings, but various rules and income-based limits apply. Which credits might you be eligible for on your 2025 return?
Deferring taxes on advance payments
March 17, 2026
If your business uses the accrual method of accounting and received advance payments in 2025, you may be able to defer reporting some or all of that income until 2026 for federal tax purposes.
To maximize — or not to maximize — depreciation deductions on your 2025 tax return
March 10, 2026
Claiming the maximum depreciation deductions you can on your 2025 income tax return will generally provide the greatest 2025 tax savings. But sometimes it may be better to depreciate business assets over a period of years.
