Stay ahead of the curve with our comprehensive 2025 tax bill update. Explore the latest on crucial tax items, where each provision stands in Congress, and the next steps in the legislative process.
Talha Asif
2025 Child Tax Credit Expansion: What Tax Pros Need to Know and How AI Tax Tools Can Help
The proposed 2025 Child Tax Credit expansion could significantly impact family tax planning. This article breaks down the latest updates, eligibility changes, and refundability thresholds—highlighting how AI tax research tools,
What clean energy credits apply to business vehicles or property?
There are several significant clean energy tax credits available for business vehicles and property in 2024 and beyond. These credits are designed to incentivize businesses to adopt cleaner technologies and reduce their environmental impact.
Can I claim the Work Opportunity Tax Credit?
Yes, you may be eligible to claim the Work Opportunity Tax Credit (WOTC), but eligibility depends on several specific requirements related to your business type, the employees you hire, and proper certification procedures.
Are there tax credits for offering health insurance to employees?
Yes, there are several tax credits available for employers who offer health insurance to their employees. The primary credit is the Small Business Health Care Tax Credit, along with various other considerations and requirements under the Affordable Care Act.
Can I still claim the Employee Retention Credit (ERC) in 2025?
No, you cannot claim the Employee Retention Credit (ERC) in 2025. The Employee Retention Credit (ERC) is only available for eligible employers that paid qualified wages to employees between March 13, 2020, and December 31, 2021
What are the 2024 small business tax credits I should know about?
The Research and Development Credit (IRC Section 41) has been made permanent and offers significant benefits for qualifying small businesses.
The Clock Is Ticking on the 199A Deduction: How AI Tax Tools Can Help You Prepare for the Pass-Through Sunset
The Section 199A pass-through deduction is set to expire after 2025, creating major implications for millions of small business owners, S corporations, and sole proprietors.
2025 Tax Bill Update: Key Provisions, Current Status, and What’s Next
Stay ahead of the curve with our comprehensive 2025 tax bill update. Explore the latest on crucial tax items, where each provision stands in Congress, and the next steps in the legislative process.
Trump’s Proposed Tariffs: What Tax Professionals Need to Know — And How AI Tax Tools Can Help Navigate Change
The landscape of U.S. trade and tax policy is shifting fast, with Trump’s proposed tariffs poised to impact businesses, consumers, and tax professionals alike. In this blog, we break down the latest status of Trump’s tariffs