Most taxpayers assume that if they pay their taxes accurately and on time, they are fulfilling their tax obligations. However, accuracy and compliance are only one part of the equation. The U.S. tax code is extremely complex and contains numerous opp…
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With almost a quarter of American workers working from home, many taxpayers may be eligible for home office deductions. Eligible taxpayers can reduce their taxable income by deducting certain expenses for using part of their home for their business.…
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For 2025, the IRS adjusted more than 60 different tax provisions. That includes everything from income brackets to the standard deduction and retirement contribution limits. The government is acknowledging that the cost of living is higher, and you s…
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The IRS has always faced pressure to make filing taxes easier, cheaper, and less stressful. In 2024, it tested a new system called Direct File, giving eligible taxpayers in a handful of states the chance to file their federal returns online directly…
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When filing their 2025 federal taxes (in early 2026), Ohio residents will need to take several changes into account from last year. President Trump signed the One Big Beautiful Bill Act into law on July 4th, 2025, and it contains major changes for ta…
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Many Ohio residents may be missing out on substantial savings on their federal taxes through SALT Deductions. The savings are particularly substantial for Ohio residents who own a small business, but anyone with significant property taxes stands to b…
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The Ohio Homestead Exemption Program has been saving senior citizens and disabled residents money on their property taxes since the 1970s. Since this is a program that Ohioans must opt into, it’s worth knowing what Ohio Homestead Exemptions can…
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Many Ohioans have invested in our nation’s electric and climate-friendly future recently by purchasing an Electric Vehicle (an EV). To help make that future affordable for Americans nationwide, the federal government has stepped up to provide t…
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Taxes can be confusing—especially when it comes to deductions and losses. One concept that trips up many taxpayers is passive activity loss limitations. These rules determine when and how certain losses can be used to reduce your taxable income. If…
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The PATH Act, officially known as the Protecting Americans from Tax Hikes Act of 2015, introduced several crucial changes affecting your taxes today. It not only aimed to curb fraud but also made significant adjustments to popular tax credits and ded…
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