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The Tax Cuts and Jobs Act (TCJA) made sweeping changes to the federal tax rules for individual taxpayers. Many of these provisions are scheduled to expire at the end of 2025. But there's a chance that some (or all) of the provisions could be extended or made permanent with legislation in the future.…
The landmark Tax Cuts and Jobs Act (TCJA) was passed in late 2017, but the law is still in the headlines today. Most TCJA provisions that affect individual taxpayers are scheduled to expire after 2025. However, there are six noteworthy exceptions that will remain on the books after 2025, unless…
The Tax Cuts and Jobs Act (TCJA) dramatically increased the unified federal gift and estate tax exemption from $5.49 million in 2017 to $13.61 million in 2024. If you're married, you and your spouse have separate exemptions, for a total of $27.22 million for this year. Another inflation adjustment…
The Tax Cuts and Jobs Act (TCJA) included many important federal income tax provisions that affect small business taxpayers and their owners. Some of these provisions are scheduled to expire in the near future, unless they're extended or made permanent by Congress. Here's an overview of five key…
The nationwide ban against noncompete agreements for most employees and independent contractors has been overturned by the U.S. District Court for the Northern District of Texas. The ban, which was scheduled to take effect on September 4, 2024, was mandated under a new final rule issued by the…
The national conventions for both political parties' presidential candidates have wrapped up and their platforms have finally been released. With campaign season in full swing, many voters are wondering about the presidential candidates' tax proposals. Unfortunately, the details of the dueling…
It's a challenging time for businesses. Therefore, any help you can get — such as tax credits, tax exemptions and other incentives – can make a big difference. Unfortunately, these incentives often go unclaimed because businesses don't know about them.
Here's a look at two types of incentives…