If you have high state and local tax expenses but have been claiming the standard deduction in recent years, it’s time to revisit itemizing.
T.I.E. Blog
Welcome to The Idea Exchange (TIE) Blog. Timely articles on a wide range of topics including new tax legislation, accounting regulations, best practices, industry news, business insights and more.
How the new Trump Accounts for children will work
Learn how Trump Accounts work, including eligibility, contribution limits, tax benefits, and how families can save for a child’s future.
What the New Tips and Overtime Deductions Mean for You
The IRS has issued guidance for taxpayers wanting to claim new deductions for qualified tips income and qualified overtime compensation for 2025.
Important federal tax filing dates for 2026
Review key 2026 tax deadlines for individuals, businesses, employers, and organizations, including filing, payment, and reporting due dates.
IRS Issues 2025 Tip and Overtime Guidance
Learn how IRS Notice 2025-69 guides workers in calculating qualified tip and overtime deductions for 2025 when employers don’t provide separate reporting.
6 Last-minute Tax Tips Your Business Can Use Right Now
Lower your business’s 2025 taxes with six last-minute year-end tax tips, including income deferral, expense prepayment, equipment purchases, and more.
Cut Your Business’s 2025 Taxes with Year-End Strategies
Reduce your business’s 2025 federal tax liability with year-end planning steps, new OBBBA opportunities, and strategies to maximize deductions.
2025 Tax Filing: What’s New Under the OBBBA
Learn how new OBBBA tax provisions effective in 2025 may impact your return. See key updates for individuals and small businesses and plan ahead with W&D.
4 year-end planning steps to trim your 2025 taxes
Prepare for 2025 tax changes under the OBBBA. Learn how updated deductions, SALT limits, and charitable rules can help you reduce your year-end tax liability.