QBI Deduction Basics and a Year-End Tax Tip that Might Help You Qualify

QBI Deduction Basics and a Year-End Tax Tip that Might Help You Qualify

If you own a business, you may be eligible to take the QBI deduction. We sometimes refer to this as the pass-through deduction or Section 199A deduction.
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Mortgage Insurance Premium Deduction Retroactively Extended

Mortgage Insurance Premium Deduction Retroactively Extended

This mortgage insurance premium deduction has been retroactively extended back to 2018 and through 2020. Consider amending your 2018 return for a refund.
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What Is “Transparency” of Health Care Coverage?

What Is “Transparency” of Health Care Coverage?

Many employers pride themselves on transparency about how and with whom they do business. "Transparency,” however, also applies to group health care plans.
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There is More to Deducting Health Insurance than Meets the Eye

There is More to Deducting Health Insurance than Meets the Eye

Health insurance premiums, especially in the wake of the ACA, have risen dramatically. They constitute one of the greatest expenses most individuals pay.
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COLAs Are Out for 2021’s Popular Fringe Benefits

COLAs Are Out for 2021’s Popular Fringe Benefits

The IRS released 2021 cost-of-living adjustments (COLAs) for a variety of tax-related limits. These include those related to many popular fringe benefits.
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The Solar Credit is Sunsetting Soon--Should You Take Advantage Now?

The Solar Credit is Sunsetting Soon--Should You Take Advantage Now?

The solar credit is fading away. After being 30% of the cost for many years through 2019, the credit drops to 26% in 2020. In 2021, it drops again to 22%.
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How to Report COVID-19-related Troubled Debt Restructurings (TDRs)

How to Report COVID-19-related Troubled Debt Restructurings (TDRs)

Banks are working with borrowers on loan modifications. Recent guidance confirms that short-term changes due to COVID-19 won’t be subject to rules for TDRs.
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Health Savings Accounts (HSAs) For Your Small Business

Health Savings Accounts (HSAs) For Your Small Business

Small business owners know the increasing cost of employee health care benefits. Employer-sponsored HSAs may provide some of these benefits and save money.
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