Latest From the Blog

Leigh Russell Leigh Russell

Who Gets Tax-Free Tips? Rules Detail What Counts for New Break

The government’s initial list of jobs eligible for the new “no tax on tips” deduction includes tennis teachers, dancers, wedding planners and social-media influencers, opening the benefit to a range of Americans far beyond waiters and baristas.

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Leigh Russell Leigh Russell

Home-Energy Tax Credits Are Expiring Soon. Act Fast.

Thinking of making your home more energy efficient? You may want to act fast. Big incentives for homeowners to get greener are about to go away.

Under President Trump’s One Big Beautiful Bill Act, many federal home-energy tax credits will expire at the end of the year—so people will lose the current tax breaks for adding eco-friendlier appliances or systems like heat pumps and solar panels.

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Leigh Russell Leigh Russell

Steps to Take If You Owe Back Taxes

Owing back taxes can be a stressful and overwhelming situation. Whether you've fallen behind on your income taxes or have unresolved tax debt from previous years, it's essential to address the issue promptly and take the necessary steps to resolve it.

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Leigh Russell Leigh Russell

The Estate Tax Mistake That Can Cost Families Millions

The U.S. tax code is generous when it comes to passing down money to heirs tax-free, and it has only become more so under the new tax law. But for married couples to obtain the full benefit, there is a strict set of rules. Messing up can be disastrous.

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Leigh Russell Leigh Russell

Companies Reap Cash Savings From Tax Law

The law accelerates or expands deductions for corporate research, interest payments and equipment purchases. Those retroactive changes are boosting cash flow, companies said in securities filings and analyst calls since President Trump signed the legislation July 4. That means more money for investments and stock buybacks and a bigger cushion against higher tariffs.

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Leigh Russell Leigh Russell

The Estate Taxes Catching Americans By Surprise

While the federal estate tax hits only the wealthiest Americans, the thresholds for state estate and inheritance taxes are generally much lower. These taxes can cost heirs tens of thousands of dollars they aren’t expecting to pay, along with the grief of figuring out how to pay the bill when the bulk of an estate’s value is tied up in a house or business. The problem is especially acute now because of the recent meteoric rise in real-estate values.

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