Tax Articles
Your Health Savings Account and Your Estate Plan: What You Need to Know
Posted by D’Marie Kleeman on March 11, 2026
A Health Savings Account (HSA) is a tax-efficient way to fund health care costs during your life while helping build more assets for your heirs. But careful planning is critical, especially when it comes to the HSA beneficiary designation.
What’s Your Potential Business Vehicle Deduction?
Posted by Megan Morris-Smith on March 04, 2026
There’s much to consider before deciding whether to use the actual expense method or cents-per-mile method to deduct expenses for a vehicle your business placed in service in 2025.
April 15 Isn’t Only the Income Tax Return Filing Deadline, It’s Also the Gift Tax Return Filing Deadline
Posted by Amanda Ornowski on March 02, 2026
Many people are surprised to learn that they can be required to file a federal gift tax return even when no gift tax is owed. Here are the rules.
Play It Smart By Naming Co-Executors
Posted by Robert Ingrasci on February 24, 2026
Naming a trusted family member as executor may be a natural choice, but it may not be the best one. Here’s why naming a professional advisor as a co-executor is often a better option.
Deferring Taxes on Advance Payments
Posted by Brian Kern on February 23, 2026
If your business uses the accrual method of accounting and received advance payments in 2025, you may be able to defer reporting some or all of that income until 2026 for federal tax purposes.
To Maximize — Or Not to Maximize — Depreciation Deductions on Your 2025 Tax Return
Posted by Kristin Re’ on February 19, 2026
Claiming the maximum depreciation deductions you can on your 2025 income tax return will generally provide the greatest 2025 tax savings. But sometimes it may be better to depreciate business assets over a period of years.
Are You and Your Spouse Considering Splitting Gifts?
Posted by Amanda Wojtkowski on January 27, 2026
Gift-splitting can be a valuable estate planning tool, allowing spouses to maximize the amount of wealth they can transfer tax-free.
Leverage Your Gift Tax Annual Exclusion Using a Crummey Trust
Posted by Robert Ingrasci on January 21, 2026
A Crummey trust provides a key tax benefit of an outright gift without some of the downsides. Gifts to the trust qualify for the gift tax annual exclusion, but unlike with an outright gift, you still determine, through the trust terms, how the assets will be managed and when they’ll ultimately be distributed to beneficiaries. Does a Crummey trust align with your broader financial and estate plan goals?
How USPS Postmark Updates May Affect Mail Deadlines in 2026
Posted by Amanda Wojtkowski on January 15, 2026
Under the "Delivering for America" plan, the USPS has clarified that postmarks added to mail do not reflect a mailing date, they reflect a processing date. This has implications for the way time-sensitive mail, including tax return and tax payments, is received by federal agencies.
Changes Coming to Information Reporting for the 2026 Tax Year
Posted by John George on December 15, 2025
Starting in 2026, the One Big Beautiful Bill Act (OBBBA) introduces major changes to employer reporting requirements, including new W-2 codes for qualified tips and overtime income and contributions to Trump accounts. The law also raises the 1099 reporting threshold from $600 to $2,000, easing compliance for businesses. Employers should prepare now for updated forms and processes to ensure accurate reporting and employee eligibility for deductions.