A tax-deductible benefit for you & your employees: Group Term Life Insurance
Under current tax rules, employers can offer up to $50,000 of group term life insurance to their employees. This is a win because:✅ Tax deductible
Under current tax rules, employers can offer up to $50,000 of group term life insurance to their employees. This is a win because:✅ Tax deductible
Like Section 179, Bonus Depreciation also helps you write off more of the cost of assets then just regular depreciation would. But there are some
Under IRC §179, you can immediately expense (i.e. write-off) up to $1,2MM of qualifying business property—no waiting to depreciate it over numerous years. It’s extremely helpful
Under IRC §195, new business owners can elect to deduct up to $5,000 in startup expenses—before your business even opens its doors. Here’s how it
The Credit for Other Dependents (up to $500 per person) isn’t just for children. You can also claim qualifying relatives who meet all tests:• Relationship
Just about everyone is a fan of the Child Tax Credit, and under the current proposed version of the “One Big Beautiful Bill” that’s with
The Adoption Credit can help offset the high costs of adoption—legal fees, home studies, travel expenses, and more. For 2025, the max credit is $,
Since 2018, most people haven’t been eligible for this deduction, but there’s an important exception: if you’re active duty and moving due to a military
Filing jointly usually means lower tax rates, bigger deductions, and simpler returns for most couples, but sometimes Married Filing Separately wins. Couples in the following
What if I told you that some business owners only pay taxes on 80% of their profits? Thanks to the Qualified Business Income (QBI) deduction,
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