Beginning in 2025, the state and local tax (SALT) deduction cap will temporarily rise from $10,000 to $40,000, offering short-term relief for many taxpayers in high-tax states. The higher limit will gradually adjust through 2029 before returning to $10,000 in 2030. However, the benefit phases out for individuals with modified adjusted gross income above $500,000, making income planning essential during this temporary expansion period.

ChatGPT said: A Roth IRA conversion ladder is a powerful strategy for early retirees to access retirement funds before age 59½ without penalties. By converting portions of a traditional IRA into a Roth IRA each year and waiting five years before withdrawing, you can create a steady stream of tax-free, penalty-free income. This method requires careful planning around taxes and timing but offers flexibility and control over your early retirement income strategy.

Thinking about forming a corporation for your business? An S Corporation might be the tax-friendly option you’ve been looking for. By allowing income and losses to pass through directly to shareholders, S corps help avoid double taxation—a major advantage for many small businesses. In this post, we explain what an S Corporation is, who qualifies, how to elect this status, and important considerations about asset distributions that every business owner should know.

Starting in 2024, a new IRS rule allows certain unused funds from 529 plans (Qualified Tuition Programs) to be rolled over into Roth IRAs—providing families with more flexibility in managing education savings. This update can help avoid taxes and penalties on leftover funds while supporting long-term retirement goals. In this post, we break down who qualifies, how the rollover works, and what to consider before making the transfer.

Maximize savings and minimize stress with these 10 essential tax planning tips for sole proprietors to reduce your tax liability.

Maximize your 2025 tax savings with a Dependent Care FSA! Reduce taxable income and pay for care costs tax-free. Plan ahead now!

Your tax withholding affects your refund or tax bill. Learn how adjusting it can help you avoid surprises and keep more of your money.

Maximize your savings with smart tax planning: use 401(k)s, IRAs, credits, deductions, and more to reduce your tax burden.