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Understand the Tax Details of Life EventsYou may know that major life events can change their tax situation. What isn't always obvious is how smaller details can sometimes have the biggest impact. Here are 7 tax details worth understanding.
Don't Fear Capital Gains TaxEveryone wants to minimize taxes owed, but the suitability of an investment for you is more important than whether you may, at some point, owe capital gains tax on it.
Mileage Deduction Gets Boost for Second Half of 2026Effective July 1, 2026, the standard business mileage rate has increased. Here's what you need to know about this change and how to make the most out of your vehicle deduction.
Health Savings Accounts and OBBBAUnder OBBBA, changes expanded eligibility for Health Savings Accounts (HSAs), effective January 1, 2026. HSAs are triple tax-advantaged, with tax-deferred contributions, tax-free earnings, and tax-free withdrawals for qualified medical expenses.
Is A Roth IRA A Good Fit For Your GoalsTraditional and Roth individual retirement accounts are both solid options for retirement savings. Comparing both IRA options can help you make an informed decision. SERVICES
RECENT E-NEWSLETTERS
AUGUST 2026 Q & AQ: What are the basics for creating a will? A: Creating a will ensures your assets are distributed according to your wishes after your death. Start by confirming that you are of legal age and of sound mind. Clearly identify yourself as the testator and state your intent to make a will.
Business Interest DeductionA business interest deduction is a tax provision allowing businesses to deduct interest paid or accrued on debt related to their operations, such as loans for equipment, vehicles, or business expansion.. LIMITATIONS The Tax Code limits corporations' business interest expensing to any business interest income plus 30% of the business's adjusted taxable income (ATI). Generally, this limit doesn't apply to companies with average annual gross receipts for the prior three taxable years below a certain threshold ($32 million for 2026). The One Big Beautiful Bill Act (OBBBA) reinstates a more favorable business interest expense deduction by allowing businesses to add back depreciation, depletion, and amortization to their ATI calculation, thereby increasing the amount of deductible interest. The change was effective starting in 2025. Save For Retirement or CollegeFor those with young families, this can be a quandary. Try to save for both, but prioritize retirement savings. There are loans for college, but not for retirement. SET PRIORITIES While you value providing higher education for your children, step back and think carefully before choosing to fund education over saving for retirement. Alternatively, start your children working toward winning scholarships in their freshman year of high school. Academics and sports are one way, but leadership in clubs and community service are also important. MAXIMIZE EMPLOYER 401(K) MATCHES A 401(k) plan matching contribution may be the best return you will ever get on an investment. In addition to the match, you also get a tax break on your contributions and the earnings on those contributions. If your employer also offers a Roth 401(k) option, all contributions, including the match, will be made with after-tax money. CONSIDER A COLLEGE SAVINGS PLAN Ask your professional advisor about a college savings plan only after you've maximized your retirement plan matching contributions. They can help you compare the benefits of saving more in your company plan, contributing to an individual retirement account or Roth IRA, or funding a separate college savings plan.
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