Thinking about skipping depreciation on your home office to dodge the recapture tax? That move can actually cost you more, not less, when you eventually sell your home. Learn how the allowed‑versus‑allowable rule, Section 121, and unrecaptured Section 1250 gain really work so you can keep more of your money in your pocket.

Most work clothing is not tax-deductible, even if it’s purchased solely for the job. This article explains the narrow exceptions—such as uniforms, protective gear, and specialized apparel—and outlines how independent contractors and employees can still obtain tax benefits through proper business deductions or employer reimbursements under accountable plans.

Mileage reimbursements don’t close the tax loop on your vehicle. Because the IRS mileage rate includes depreciation, selling or trading in a mileage-reimbursed vehicle can create a real, ordinary tax loss—or gain—that you may never see coming.

Stay ahead of tax season with our comprehensive “2026 Tax Resource Guide,” putting essential tax rates, limits, and deductions at your fingertips. This downloadable desktop reference eliminates endless searching, giving you instant access to critical tax information, including updated Social Security ceilings, mileage rates, and retirement plan limits

Everyone seems to know some salesperson who earns commissions personally and then runs them through an S corporation to cut self-employment taxes. Here’s a true story on how Jack, an insurance agent, proposed to make this happen.

Want to grow your real estate portfolio without paying capital gains taxes? Learn how a Section 1031 exchange lets you trade up into bigger, better-performing properties, defer taxes for life, and potentially pass millions to your heirs tax-free—if you follow the rules.

Are you maximizing your retirement savings? With our “Retirement Plans – 2026” desktop reference, you’ll have everything you need—clear contribution limits, tailored strategies for business owners, and updates from the SECURE Act 2.0—to make smarter savings decisions and better secure your future.

Section 318’s attribution rules can make you the “owner” of stock you never actually bought, drastically affecting tax treatment, related-party status, and reporting duties. Even small direct holdings can balloon through family or entity connections, triggering unexpected dividends, denied losses, or foreign-company reporting penalties.

Don’t assume a big termination payout to a salesperson or vendor has to be written off slowly as a capital asset. This article explains why a $225,000 termination commission can be currently deductible, when the IRS might push for capitalization instead, and how to structure and document your deduction.

The IRS has made it much easier for tipped workers to claim the No Tax on Tips deduction for 2025 by delaying until 2026 the requirement that tips be reported to the IRS by employers or payors before they can be deducted. The IRS is also delaying, until 2026 or even later, the rule that employees of specified service trades or businesses can’t claim the deduction. Independent contractors that are specified service trades or businesses may also claim the deduction for 2025 and possibly 2026.