Financial Tid Bits
Ready to take control of your finances? Our resource page is packed with valuable tips, tricks, and expert advice to help you make informed decisions about your money. From budgeting basics to investing strategies, we’ve got you covered.
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February 17, 2026 One of the most impactful developments for business owners in 2025 is the increased permanence of certain deductions that were previously scheduled to expire or phase down. This provides clarity and confidence for long-term business planning. Key areas of focus include: • Qualified Business Income (QBI) deductions• Accelerated depreciation and expensing• Equipment…
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February 10, 2026 New Individual Rules • No federal tax on tips (2025–2028) up to income thresholds. • Overtime pay up to $12,500 per taxpayer (or $25,000 joint) is exempt from federal tax (2025–2028). This is one of the most talked-about features of the law: employees earning extra through tips or overtime could see smaller…
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February 3, 2026 Why this matters:For many taxpayers, itemizing deductions may once again be worth considering — even if it wasn’t in prior years. The State and Local Tax (SALT) deduction has long been a pain point for taxpayers in high-tax states. For several years, the deduction was capped at a relatively low amount, limiting…
Blaine La/Car Associates 