“OBBBA Revamps and EnhancesEducator Expense Deductions” To get my complete article with all the details… The OBBBA just made important updates to how teachers and school staff can deduct classroom expenses. For 2025, educators can claim an “above-the-line” deduction of up to $300 for books, supplies, and certain classroom tools. But starting in 2026, the rules get … [Read more...]
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URGENT: New Tax Law Cheats Gamblers in 2026
“OBBBA Cheats Gamblers—Taxes Fictional Income” To get my complete article with all the details… The New Tax Law Can Tax Gamblers on Money They Never Won If you gamble—whether casually or professionally—prepare for a shocking change starting in 2026. The One Big Beautiful Bill Act (OBBBA) just imposed a devastating new restriction that could force you to pay … [Read more...]
The #1 Reason Tax Deductions Get Denied
“Protect Yourself:Digitize Tax Receipts” To get my complete article with all the details… Is Your Credit Card Statement Naked? How about your checkbook? If your credit card statement or checkbook lacks supporting receipts, the IRS considers it “naked”—and that can be a problem when you’re claiming tax deductions. Protect Your Deductions—Go Digital IRS … [Read more...]
Wildfires, Floods, Hurricanes Can Produce Tax Deductions
“Deducting Disaster Losses for Individuals:Navigating the Rules” To get my complete article with all the details… Wildfires, floods, hurricanes—disasters. The financial toll can be devastating. You can deduct some disaster losses from your taxes. New rules allow certain disaster losses with amended returns for closed years. Recent changes to tax laws have made … [Read more...]
Why Did Duncan Bass Make 172 Trips to Goodwill and the Salvation Army?
Why Did Duncan Bass Make 172 Trips toGoodwill and the Salvation Army? To get my complete, FREE articlewith all the details… You may remember Duncan Bass from last month’s article: Court Denies Clothing Donations to Goodwill and the Salvation Army. You also may remember that Mr. Bass made the 172 trips to Goodwill and the Salvation Army to keep each receipt below … [Read more...]