Month: March 2026
If you own — or are considering buying — a historic building, the Historic Rehabilitation Tax Credit can dramatically improve your project’s return on investment.
Unlike deductions, tax credits reduce your tax bill dollar-for-dollar. A $100,000 qualified renovation with a 20% federal credit can reduce your federal tax liability by $20,000.
Vacation home tax rules can be confusing — especially if you rent the property part of the year and use it personally at other times. The tax treatment depends largely on how many days you rent the home and how many days you use it yourself.
Lending money to a friend or family member can feel like the right thing to do during difficult times. But without proper planning, a simple personal loan can trigger unexpected tax consequences under Internal Revenue Service rules.
Beginning in 2026, a significant change to retirement plan catch-up contributions takes effect. Part of the 2022 Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act, the change affects higher-income taxpayers age 50 and older who contribute to certain types of employer-sponsored retirement plans.
Are you subject to the alternative minimum tax (AMT)? In general, this tax applies if your “tentative minimum tax” exceeds your regular income tax liability.
Significant long-term capital gains and dividend income or recently exercised incentive stock options can trigger the AMT.
If your business conducts research or product development, a significant tax law change could unlock tax savings. The 2025 tax legislation, commonly known as the One Big Beautiful Bill Act (OBBBA), reinstated the ability to immediately deduct domestic research and experimental (R&E) expenses.
It’s not too late to boost your IRA for 2025. You have until April 15, 2026, to make contributions for the 2025 tax year. This deadline applies to both traditional and Roth IRAs and includes catch-up contributions for eligible individuals.
If you buy, sell, or trade digital assets, such as cryptocurrency or certain nonfungible tokens (NFTs), new reporting requirements will likely affect how your transactions are reported to and reviewed by the IRS. While these rules don’t change how digital assets are taxed, they significantly impact information reporting, increasing transparency and scrutiny.
If you’re thinking about starting a business, make sure you understand your federal tax responsibilities before opening your doors. IRS Publication 583, Starting a Business and Keeping Records, covers the basics.
Real estate success isn’t measured by gross commissions or deal spreads — it’s measured by what you keep.
Whether you’re a producing agent, active flipper, long-term landlord, or developer, your tax strategy should evolve alongside your portfolio. Markets change. Tax laws adjust. But proactive planning remains timeless.
