The new federal tip income exclusion applies only to workers outside Specified Service Trades or Businesses. Learn who qualifies, common edge cases, and why SSTB employees are excluded.

Covered California premiums are rising in 2026 after Premium Tax Credit changes. See real monthly increases by ZIP code for Bronze Silver and Gold plans across California.

Aggressive charitable deductions are easy for the IRS to challenge and disallow. Learn why taxpayers routinely lose noncash donation cases and how stricter 2026 rules increase audit risk.

Specified service businesses face income based limits under Section 199A. Learn how SSTB rules apply after the One Big Beautiful Bill Act made the deduction permanent.

Section 199A is now permanent under the One Big Beautiful Bill Act. Learn how the qualified business income deduction applies to sole proprietors, S corporations, partnerships, and specified service businesses after 2025.

Congress has created a brand new tax deduction for personal car loan interest as part of the One Big Beautiful Bill Act, signed into law on July 4, 2025. This deduction did not previously exist under federal tax law. The IRS proposed regulations known as REG 113515 25 explain how the new law passed by Congress will be administered and enforced.

Federal law allows new deductions for overtime and tip income starting in 2025, but California does not conform. Learn why California workers must add these amounts back on their state return.

Selling on Amazon FBA can create California tax nexus even if you live out of state. Learn how inventory stored in California can trigger the $800 annual LLC tax.

IRS Notice 2026-5 explains how the One Big Beautiful Bill Act expands HSA eligibility through telehealth relief, ACA bronze and catastrophic plans, and direct primary care arrangements.

A detailed overview of the new charitable giving rules under OBBBA, including the non itemizer deduction, new AGI floors, high income limitations, and strategies for timing charitable gifts in 2025 versus 2026.

Learn how cryptocurrency traders may qualify as a Section 162 trade or business, how courts define trader status, what IRS guidance exists, and how taxpayers can build a defensible crypto trading business under current law.

A detailed examination of middle class tax benefits under the One Big Beautiful Bill, including expanded SALT deductions, Child Tax Credit updates, Schedule 1-A deductions, charitable rules, retirement and education changes, and key planning steps for 2025 and 2026.

A clear overview of the 2026 Medicare Part A, B, and D premium increases and IRMAA thresholds, with charts that show the key income levels that affect premiums and year end tax planning decisions for taxpayers.

An overview of the IRC §139L 25% interest exclusion for qualified rural and agricultural real estate loans, including qualification rules, property use standards, and planning considerations for lenders and borrowers.

A taxpayer focused explanation of the GENIUS Act, detailing the new federal rules for payment stablecoin issuers, reserve requirements, disclosures, and what individuals should know when using stablecoins.

Comprehensive overview of federal education tax benefits for 2025, including the AOTC, LLC, student loan interest deduction, §529 plans, Coverdell ESAs, scholarship rules, and OBBBA education changes. Learn how to coordinate benefits and maximize tax savings.

IRS Notice 2025-67 raises 2026 contribution limits for 401k plans, 403b plans, governmental 457 plans, SIMPLE and SEP IRAs, traditional IRAs, and Roth IRAs. Includes updated catch-ups for ages fifty and sixty through sixty three, new income phase outs, and expanded saver credit limits. Learn how these changes affect tax planning for 2026.

IRS Revenue Procedure 2025 31 confirms that properly structured investment and grantor trusts may stake digital assets without reclassification as business entities, preserving pass through tax treatment for staking rewards beginning with tax years ending on or after November 10, 2025.

A step-by-step guide for employers to create an IRS-compliant accountable plan so employee business and travel expenses are reimbursed tax-free, even after the permanent end of miscellaneous itemized deductions.

In T.C. Memo. 2025-82 the Tax Court disallowed $46,147 in unreimbursed travel expenses claimed by a W-2 employee under IRC §§62(a)(2) and 67(g). Learn the employee vs trade-or-business distinction, reimbursement plan requirements and deduction risk.