"Health Insurance Application Does Not Control Your Tax Deduction" To get my complete, FREE articlewith all the details… The fine print on your health insurance application may sound alarming—but it doesn't necessarily determine your tax deduction. Here are three quick takeaways: To get the full story don’t miss my latest issue of the Tax Reduction … [Read more...]
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Deducting Your Personal Long-Term Care Insurance: The 2026 Rules
Deducting Your Personal Long-Term Care Insurance: The 2026 Rules To get my complete article with all the details… Long-term care insurance is a smart hedge against chronic illness, but most business owners pay for it the wrong way and hand the tax code an easy excuse to cap the deduction. How much of that premium you can deduct depends entirely on your business … [Read more...]
2026 Paid Family Leave Credit: Does the Owner Now Qualify?
2026 Paid Family Leave Credit: Does the Owner Now Qualify? To get my complete article with all the details… The paid family and medical leave credit just became permanent, and the rules around it changed enough that it's worth a second look even if you dismissed it before. Thanks to the One Big Beautiful Bill Act there’s an improved deal for some business owners: two … [Read more...]
Is Your Business “Out of Favor” With the IRS?
Is Your Business “Out of Favor” With the IRS? To get my complete article with all the details… You bill separately for advice, and that one line item might be quietly wiping out your 20 percent Section 199A deduction. Section 199A splits pass-through businesses (proprietorships, partnerships, and S corporations) into two camps — in favor and out of favor — and if … [Read more...]
The IRS Could Pay You $6,614 To Hire Your Child
The IRS Could Pay You $6,614 To Hire Your Child To get my complete article with all the details… The government will pay you thousands for a decision you might already be making anyway: putting your child to work in your business. Sara Jackson's 13-year-old will earn $16,100 tax-free this year, and Sara will pocket a check from the federal and state governments for … [Read more...]