2025: Last Chance for Major Home Energy, EV, and Solar Tax Credits
Published July 2025 by Allied Tax Advisors Major federal tax credits for energy-efficient home upgrades, electric vehicles, and solar installations are coming to an end soon. If you’ve been considering making these investments, now is the crucial time to act. Home Energy Improvement Tax Credit Homeowners, you have until December 31, 2025, to claim federal […]
New Senior Deduction: How Retirees Can Save More on Taxes
Are you a senior citizen worried about your tax burden eating into your retirement savings? Good news is on the horizon! Starting in 2025, qualifying seniors can claim a special $6,000 above-the-line deduction on their federal tax returns—completely separate from your standard deduction. This game-changing tax break could potentially save retirees thousands of dollars during […]
Tax-Saving Tips: What Every Business Owner and Investor Should Know
Are you leaving thousands of dollars on the table? As we move through mid-2025, business owners and investors continue to face a complex tax landscape where simple oversights can lead to hefty penalties—while missed opportunities can cost you significant savings. From forgotten filing requirements that could trigger $150,000 penalties to overlooked vehicle deductions that might […]
New Tax Deductions for Service & Hourly Workers: How to Claim the 2025–2028 Tip and Overtime Deductions
Are you a server, hairstylist, or hourly worker putting in overtime? Your financial landscape just changed dramatically. The 2025 tax reform has introduced game-changing deductions that could put thousands of dollars back in your pocket over the next four years. Service workers can now deduct up to $25,000 in tip income, while hourly employees can […]
2025 “One Big Beautiful Bill Act” Signed Into Law
2025 “One Big Beautiful Bill Act” Signed Into Law In a sweeping overhaul of the American tax code, President Trump has signed the much-anticipated “One Big Beautiful Bill Act” into law today. This landmark legislation permanently locks in tax brackets, dramatically increases the SALT deduction cap to $40,000, and introduces innovative new benefits like “Trump […]
2025 Tax Reform: What the “One Big Beautiful Bill Act” Means for Individuals
Did you panic when you saw “One Big Beautiful Bill Act” trending over July 4th? You’re not alone. The sweeping new law, signed by President Trump, is the most significant federal tax reform since 2017. Here’s what’s actually in the bill—and what it means for your wallet. I’ve dug into the official CCH Tax Briefing […]
Oct Newsletters
Three Possible Ways to Deduct Your Dog or Cat Got IRS Penalties? Know the Rules, Pay Nothing Know the Three Ways the Tax Law Treats Personal Property Rentals Read More: https://mailchi.mp/b254e2b1b12b/kg0xs9oh8l?e=6e44932e8c
AMT Tax Calculator: Do You Owe Alternative Minimum Tax?
I discovered the secrets to determining if you owe the Alternative Minimum Tax, but are you making these costly mistakes? Find out now!
Death Tax Vs. Estate Tax: What’S the Difference?
The differences between death tax and estate tax can significantly impact your heirs; discover what you need to know to protect your legacy.
Capital Gains Tax Explained: How to Minimize Your Tax Liability
What strategies can you employ to minimize your capital gains tax liability and maximize your investment returns? Discover the answers inside.