Think you’re stuck paying big penalties for missing your 2025 estimated tax payments? There’s a little-known IRS-approved strategy that can make those penalties disappear instantly—without costing you extra. Learn the “one perfect way” to eliminate penalties today and keep more money in your pocket.

Thinking about breeding dogs as a business? The One Big Beautiful Bill Act just made the Tax Cut and Jobs Act’s hobby-loss rules permanent—meaning hobby breeders face steep tax disadvantages. Learn how to protect your deductions and prove your profit motive before the IRS decides your passion is just a hobby.

The One Big Beautiful Bill Act has made opportunity zones permanent—and with this change comes a new era of tax advantages for investors. From qualified opportunity zone (QOZ) 1.0 to QOZ 2.0, the rules are changing, and so are the opportunities to slash capital gains taxes. Here’s what you need to know.

Are you over 70 1/2 and giving to charity? Thanks to the new One Big Beautiful Bill Act, you can now use your IRA to make donations that don’t raise your taxable income—while also dodging new deduction limits and Medicare surcharges. Learn how qualified charitable distributions can deliver bigger tax breaks than ever.

The One Big Beautiful Bill Act promised big—but delivered just a sliver. Casualty loss deductions are still tough to claim, but there’s a new twist that could save you money if disaster strikes. Find out where the law falls short—and the small win hiding inside.

Thinking of selling a term life insurance policy to a relative? It might seem like a simple way to cash out, but the IRS sees it differently. Discover the surprising tax traps that could turn a family arrangement into a costly mistake.

In big news for businesses, the One Big Beautiful Bill Act permanently relaxes limits on business interest expense deductions starting in 2025. Learn how the new EBITDA-based rules and expanded floor plan financing can boost your allowable deductions—and what exceptions might apply to your business.

The One Big Beautiful Bill Act establishes a brand-new income tax deduction for income received from tips. Workers who qualify can deduct up to $25,000 in tip income. The deduction is limited in time and scope: it applies only to taxpayers who work in occupations that customarily and regularly receive tips and will last only for 2025 through 2028.

The “no tax on tips” deduction for 2025 through 2028 is available only for workers in customarily tipped occupations—as defined by the IRS in its list of 68 occupations that you can find here. If you are not on the list, you can’t claim the tips deduction.