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.
Quadrupled SALT deduction limit means more taxpayers will benefit from itemizing on their 2025 returns
March 9, 2026
If you have high state and local tax expenses but have been claiming the standard deduction in recent years, it’s time to revisit itemizing.
If you’re married, should you file jointly or separately?
March 3, 2026
Typically, filing jointly will save taxes for married couples compared to filing separately. But that isn’t always the case. And sometimes it may make sense to file separately even if it won’t save taxes for the couple overall.
Some small businesses can still benefit from the health care coverage credit
March 2, 2026
Although the tax credit for providing health coverage to employees has been available for more than a decade and generally can be claimed for only two years, some small businesses may still be eligible.
Before claiming a charitable deduction for 2025, make sure you can substantiate it
February 19, 2026
Charitable donations can be a powerful tax saver for anyone who itemizes deductions. But you must comply with many rules, including obtaining proper substantiation for your gifts.
