Archived Posts: 2026 tax changes

Tax Tips for February 2026

Tax Tips for February 2026

Click on the links below to jump to each section in this article: 2026 Tax Law Changes for Businesses Which Parent Gets the Tax Breaks After Divorce? If You're Closing Your Business, Don't Forget These Tax Steps   2026 Tax Law Changes for Businesses Here’s a sampling of some significant tax law changes going into effect this year: Increase of the Section 179 expensing limit to $2.56 million and the phaseout threshold to $4.09 million (up from $2.5 million and $4 million, respectively, for...

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Tax Tips for February 2026

Tax Tips for January 2026

Click on the links below to jump to each section in this article: 2026 Tax Law Changes for Individuals Heavy Tax Breaks for Heavy Business Vehicles More Taxpayers May Qualify for the Casualty Loss Deduction   2026 Tax Law Changes for Individuals Here’s a sampling of some significant tax law changes going into effect this year: New charitable contribution deduction for nonitemizers for cash contributions up to $1,000 ($2,000 for married couples filing jointly) New 0.5% of adjusted gross...

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