Political donations from an LLC to candidates, PACs, or campaigns are not deductible. Charitable contributions by an LLC are ...

With the right strategies in place, it is possible to maximize the deduction and lock in significant, recurring savings.

President Trump's One Big Beautiful Bill provides small businesses with significant opportunities for bottom-line savings on ...

Stricter IRS rules on business write-offs expected to impact self-employed workers, freelancers, and small businesses this tax season ...

Many tax deductions, such as charitable donations and business supplies, are well known, but some are more obscure. With tax season upon us, here’s a look at how tax deductions work and three ...

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 ...

I've found that most business owners don’t start thinking about taxes until December, when their accountant reminds them the ...

Up to 85% of your Social Security benefits may be taxed, but a new "senior deduction" can cut taxes—unless your income is too ...

The bill that the House of Representatives passed early Thursday morning in a nail-biting 215-to-214 vote—a wide-ranging domestic policy package called the One Big Beautiful Bill—could have ...

Tax cuts are the centerpiece of a massive legislative package championed by President Trump and passed Tuesday by Senate Republicans. Stream Los Angeles News for free, 24/7, wherever you are. Many new ...