The 2018 Tax Act created a new deduction for qualified business income earned by an individual. The basic deduction is 20% of ...

The OBBBA has made the 20% Qualified Business Income (QBI) deduction permanent. Learn what this and other 2026 tax changes mean for your small business.

The proposed regulations clarify points including the interaction of qualifying occupations for which tips are customarily received with ineligible specified service trades or businesses.

High-earning business owners now have an opportunity to take a massive tax deduction thanks to the One Big Beautiful Bill Act. Still, they may have to implement some financial planning advice to ...

A quick review of the cannabis landscape[i] reveals that most of the tax-related activity remains at the state level. At present, most states have decriminalized the use of cannabis products; it ...

If you made a qualified purchase for your business this year, you may be able to deduct the entire expense from your 2025 ...

SALT deduction cap temporarily raised from $10,000 to $40,000. PTETs allow businesses to bypass federal deduction limits. OBBBA permanently instates the 20% qualified business income deduction. Tax ...

Cannabis businesses' wages are ineligible for business income deductions for pass-throughs because they sell controlled substances, according to the U.S. Tax Court. The ruling on Sept. 11, 2025 ...

From student loan interest to retirement contributions, explore above-the-line tax deductions that could reduce your taxable income and lower your tax bill.