Most taxpayers leave money on the table every year. It’s rarely intentional, but it happens when you don’t claim every tax deduction that you’re eligible for. Self-employed individuals, small business owners, and homeowners are often eligible for many more deductions than they think.  But when you don’t take those deductions, you end up overpaying the IRS when you could have had those deductions count toward lowering your tax liability. (And we all know the IRS isn’t going to

With every new year comes new opportunities to plan for your future, namely through retirement contributions. Although you may want to add every spare dollar into your retirement account, the IRS places limits on maximum contribution amounts. However, they recently announced increased limits on 401ks, IRAs, catch-up contributions, and SIMPLE  (Savings Incentive Match Plan for Employees) plans to help you keep up with inflation tax year 2026. Whether your goal is to lower your

The OBBB introduced some permanent and temporary changes to federal income taxes starting tax year 2025.