“The 50% Childcare Creditfor One-Owner Businesses” To get my complete article with all the details… Do you operate a sole proprietorship or own an S or C corporation? If you’re paying for childcare and assumed the new 50% credit doesn’t work for you, this article is for you. Many one-owner businesses dismiss this credit because of DCAP rules or wage inclusion … [Read more...]
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This Childcare Credit Just Got 4x Bigger
“This Childcare CreditJust Got 4x Bigger” To get my complete article with all the details… The employer childcare credit has been around for years. Most small businesses ignored it. That's about to change. Starting in 2026, the maximum credit jumped from $150,000 to $600,000. New rules let small businesses pool resources, contract with off-site providers, and … [Read more...]
OBBBA Just Killed This Commuter Deduction
"OBBBA Just KilledThis Commuter Deduction" To get my complete article with all the details… It was suspended in 2018. Many expected it to return in 2026. It won't. The OBBBA has permanently eliminated the qualified bicycle commuting reimbursement. And the tax treatment is now worse than it was during the suspension. CLICK HERE to read my completely new article … [Read more...]
When Work Clothes Are—and Aren’t—Tax Deductible
"When Work Clothing Is Deductible" To get my complete article with all the details… Ever looked at a closet full of work clothes and wondered, “Can any of this actually be deducted?” You’re not alone—and the answer isn’t as obvious as it should be. The IRS draws a sharp (and sometimes surprising) line between what counts as a legitimate work expense and what it … [Read more...]
What Relatives Cause You Tax Danger?
“What Relatives CauseYou Tax Danger?” To get my complete article with all the details… You might think you know exactly how much of a business you own. The IRS may see it very differently. Thanks to Section 318, family ties, entities, or even options can quietly turn a small ownership stake into a controlling one—changing how income is taxed, whether losses are … [Read more...]