Archived Posts: tax tips for 2026

Tax Tips for March 2026

Tax Tips for March 2026

Click on the links below to jump to each section in this article: Don't Let the AMT Catch You Off Guard 2025 IRA Contribution Deadline Is Coming Up Understand the Tax Details When Starting a Business   Don't Let the AMT Catch You Off Guard Are you subject to the alternative minimum tax (AMT)? In general, this tax applies if your “tentative minimum tax” exceeds your regular income tax liability. Significant long-term capital gains and dividend income or recently exercised incentive stock...

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Tax Tips for March 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 March 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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