Suffered a Disaster? You May be Eligible for a Casualty Loss Tax Deduction
Every year, severe storms, flooding, wildfires, and other disasters affect millions of taxpayers. Many experience casualty losses from damage to their homes or personal property. The One Big Beautiful Bill Act (OBBBA), signed into law last year, generally made...
Not All “Business” Expenses are Tax Deductible
With 2025 in the rearview mirror and the tax filing deadline on the road ahead, it’s a good time for businesses to start gathering information about their deductible expenses for 2025. However, what is and is not deductible might not be as clear-cut as you think. Most...
5 Steps for Addressing Your Elderly Parents in Your Estate Plan
When creating or updating your estate plan, it’s important to address your elderly parents with both clarity and sensitivity. If you provide financial support, share housing, or anticipate future caregiving responsibilities, your plan should reflect these realities....