Topics: Individual Tax
-
The New Rules for Deducting Charitable Contributions
A goal of the 2025 Tax Act is to lower taxes for many individuals through a number of deductions such as increasing the standard…
-
Important IRS Payment Changes for the 2026 Tax Year
The IRS will no longer issue or accept paper checks for federal tax payments starting January 2026. This change is intended to increase efficiency,…
-
Maximizing Charitable Giving under the OBBBA
The One Big Beautiful Bill, P.L. 119-21, has changed the charitable giving landscape. Individuals, trust, and corporations, will feel the impacts differently. Taxpayers have…
-
New Tax Deduction for Middle-Class Car Buyers
The new law, the One Big Beautiful Bill (HR1), brings benefits for middle-class taxpayers. One of the key features lets you deduct up to $10,000 in…
-
Considerations for Required Minimum Distributions
More than half of Americans have retirement accounts such as 401(k) or traditional IRAs, but many aren’t aware of the Required Minimum Distribution (RMD)…
-
Changing State Domicile
As Congress mulls over the fate of the SALT deduction, a growing trend has emerged from business owners in high-tax states. In recent years,…
-
Ohio Tax eServices
Exciting news is hailing in for Ohio Business owners. Ohio has designed a new online service system for their business taxpayers. The new Tax…
-
Pass-Through Entity Taxes & Reporting Under GAAP
Pass-Through Entity Taxes & Reporting Under GAAP 5/21/24 Introduction In connection with changes to the Internal Revenue Code as a result of the Tax…
-
Ohio Pass-Through Entity Tax
Starting in 2022, many states came out with a Pass-Through Entity Tax. A pass-through entity tax is an entity-level income tax that partnerships, S…
-
The State House Always Wins: Sports Gambling Treatment in Ohio
With the first year of legalized sports gambling in Ohio in the books, many Ohioans may face higher-than-expected tax bills because of their sports…