Trump’s 2025 Tax Proposals: Key Changes That Could Transform U.S. Tax Policy
Trump's 2025 Tax Proposals: The 2024 election cycle has concluded with a strong Republican victory, positioning President-elect Donald Trump to advance his tax reform...
401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000
The IRS has announced updated contribution limits for retirement plans in 2025, allowing individuals to save more for their futures. The 401(k) contribution limit...
IRS Tax Brackets 2025: IRS releases tax inflation adjustments for tax year 2025
The Internal Revenue Service (IRS) recently released annual inflation adjustments for tax year 2025, which affect more than 60 tax provisions. As taxpayers prepare...
Form 8990: Limitation on deduction for Business Interest Expense
Form 8990 is a crucial IRS form that helps businesses to calculate their interest expense deductions under the Tax Cuts and Jobs Act (TCJA)....
LLC Pass-Through Taxation: Key Lessons from a Recent Tax Court Case
LLC pass-through taxation allows business owners to simplify their tax filing process by reporting the income of the business directly on their personal tax...