deductions

Taxes December 8, 2025 

Even if you never claim a tax deduction, the federal government may still know which charities you support.

Taxes December 3, 2025 

The IRS says planning early is extra important this year because of major changes, such as the One Big Beautiful Bill Act, which can significantly affect federal taxes, credits and deductions.

Taxes November 19, 2025 

As evidenced by a taxpayer in a new case, Besaw, TC Sum. Op. 2025-7, 7/21/25, just missing one or two of the key ingredients can spoil the deal.

Ken Berry, JD

Taxes August 27, 2025 

The Treasury Department and the IRS said Aug. 20 that they intend to issue proposed regulations withdrawing the DPL rules and related modifications to the dual consolidated loss rules that were finalized toward the end of the Biden administration.

Jason Bramwell

State and Local Taxes July 25, 2025 

Now that the 2025 federal tax bill has been signed into law, it’s appropriate to revisit one of its most news-making elements: the federal deduction for state and local taxes.

Taxes July 22, 2025 

Prior to the Tax Cuts and Jobs Act (TCJA) NOLs could be carried back two years to offset taxable income before being carried forward for up to 15 years.

Ken Berry, JD

Taxes July 15, 2025 

Beginning on Jan. 1, companies in the U.S. will no longer be able to deduct the cost of snacks, coffee or on-site lunches provided to workers, according to a provision in the "big, beautiful bill."

State and Local Taxes February 6, 2025 

President Donald Trump outlined his tax priorities in a meeting with Republican lawmakers, including a call to end the carried interest tax break used by private equity fund managers and expand the state and local tax deduction.

Taxes February 4, 2025 

In a new private letter ruling, the IRS said that in vitro fertilization (IVF) expenses for a surrogate on behalf of a married couple are not deductible by the couple as a medical expense under the tax code.

Ken Berry, JD