2025 Small Business Tax Planning
2025 Small Business Tax Planning: 10 Strategies to Save Big Before December 31st đź’Ľđź’° Meta: Don’t wait until April! Here are 10 powerful tax-saving strategies small business owners should act…
Retirement Moves for Fall 2025: Super Catch-Ups & Roth Surprises
What’s Happening? Ages 60–63 get a “super catch-up” contribution of $11,250 in 2025. Starting 2026, all catch-ups for high earners must be Roth. No more deferring taxes into oblivion. Why…
SALT Cap Raised to $40,000: Jersey Homeowners, Rejoice (Kind Of)
The Update The SALT deduction cap (state and local taxes) jumped from $10,000 to $40,000 for 2025–2029. Cue cheers from NJ, NY, and CA. But Wait… High earners may see…
EV Credits Ending Sept. 30, 2025 — Don’t Miss the Charging Station
The Scoop The federal EV purchase credit rides off into the sunset after September 30, 2025. Miss it, and you’re out of luck (and cash). What’s Still Around? Commercial EV…
ERC in 2025: The Party’s Over
What’s New? The Employee Retention Credit (ERC) filing window slammed shut. IRS is now reviewing claims with the intensity of a detective binge-watching “CSI.” Why You Should Care Claimed ERC…
Crypto Tax 2025: Meet Form 1099-DA
The New Kid on the Block(chain) Starting with 2025 trades, custodial crypto brokers must issue Form 1099-DA showing your gross proceeds. Basis reporting is delayed until 2026—meaning you’d better keep…
1099-K Is Back to $20,000/200 — Like That Ex Who Just Won’t Leave
What Happened? After years of flip-flopping, Congress hit the reset button. For 2025, payment processors (PayPal, Venmo, Etsy, etc.) only issue a 1099-K if BOTH are true: $20,000 in payments,…
Tips Are (Mostly) Tax-Free Now — No, This Isn’t a TikTok Prank
What Changed? The new “No Tax on Tips” Act means most service-industry tips are federally tax-exempt starting in 2025. Servers, bartenders, stylists—this one’s for you. The Catch Exempt: Cash tips,…
Goodbye Paper Refund Checks: The IRS Broke Up with Snail Mail
The Big News Starting September 30, 2025, the IRS will no longer send refund checks in the mail. Nope, not even if you beg nicely. From now on, it’s direct…
One Big Beautiful Tax Bill: Deductions You’ll Love in 2025
FS-2025-03 | Effective: July 4, 2025 — Signed into Law as Public Law 119-21Uncle Sam just gave your paycheck a reason to smile. The One Big Beautiful Bill Act (OBBBA)…