The One Big Beautiful Bill Act preserved many TCJA benefits, but charitable deduction limits will still tighten in 2026. Accelerating contributions this year can capture higher deduction value while the 60 percent AGI rule remains in effect.

The wash sale rule under Internal Revenue Code §1091 limits when capital losses can be deducted, but investors can still maintain market exposure through correlated securities. This article explains how to use substitution strategies to harvest losses responsibly, outlines the benefits and risks, and reviews current crypto exceptions and proposed legislation.

In Seddiqui (2024), a Bay Area couple faced a familiar problem: selling a longtime home without complete records of decades of improvements. The OTA’s precedential opinion explains when the Cohan rule allows credible estimates and when it does not.

The OTA’s Ajith (2024) decision involved only $5,924 of tax, but its lesson is far bigger: California residency turns on facts. A student’s claim of non-residency failed when the FTB showed his “closest connections” still pointed to California.

IRS 2026 inflation adjustments and One, Big, Beautiful Bill overview by a CPA

Tax law reaches into almost every corner of life, from settlements that compensate someone for an injury to retirement accounts that are lost through legal action. I find that reading about unusual cases is one of the best ways to understand how the Internal Revenue Code defines income. Two recent decisions highlight that definition in very different ways.

As annual open enrollment season approaches, it is an ideal time to review your health coverage options and consider the financial advantages of a Health Savings Account (HSA). Among the many tax-favored benefits available to individuals, the HSA remains one of the most flexible and powerful tools in the tax code. It can be used by nearly every taxpayer, provided that one important requirement is met.

Learn which deductions are not allowed, why IRS matching catches missing income, and how to lower taxes legally with proven strategies.

Crypto wash-sale rules don’t apply in 2025 but IRS Form 1099-DA changes reporting. Learn what’s next for digital asset tax loss harvesting.

Form 1099-DA changes crypto tax reporting in 2025. Learn what each box means, from proceeds to NFTs, and why IRS oversight is tightening.

In Ataya v. Commissioner (2025), the Tax Court upheld penalties despite overstated income. Learn why inflated revenue is not a defense and how to safeguard your business.

Learn how to handle business expenses in S-Corps, C-Corps, and partnerships. Avoid IRS pitfalls with proper documentation and reimbursement plans.

Employers can provide up to $5,250 per year in tax-free education benefits, including student loan repayment. This IRS-approved program lowers payroll taxes while helping employees reduce financial stress. It is a win-win strategy for businesses and their teams.

The Internal Revenue Service has issued a preliminary list of tipped professions for the OBBBA no tax on tips rule. While restaurant and hospitality workers are expected, the list also includes occupations such as locksmiths, wedding officiants, and digital creators. This guidance will be important for workers and employers alike.

Discover how the One Big Beautiful Bill Act of 2025 makes key Tax Cuts and Jobs Act provisions permanent. Learn about new deductions for seniors and tipped workers, farmland sale rules, and expanded expensing options for businesses.

The One Big Beautiful Bill Act made several significant changes to the rules governing depreciation and expensing that business owners should consider when acquiring or selling capital assets. These changes enhance short-term deductions while creating additional layers of decision-making regarding long-term tax consequences.

When you start or invest in a new business, your mind is usually on products, customers, and funding. But one of the most important decisions you make is how to structure the company. The choice can have a dramatic impact on the taxes you will pay if you eventually sell the business.

Taxpayers in every state pay varied tax rates based on their state and how they earn a living. The variety of tax treatments creates confusion when trying to make comparisons across states and across income levels.

I model federal and California positions side by side for 2025 and later, measure where OBBBA reduces federal tax but not California tax, and plan elections and timing that fit California’s current rules. I also monitor SB 711 and any targeted conformity bills, then update projections and entity strategies when the Legislature acts. Contact me if you want a focused review of your 2025 plan with these differences in mind

Clients ask two questions about the new law. When do the changes start, and when do they end. This guide answers both and groups provisions by start and end date so you can act on them before deadlines pass.