by Megan Kosciolek, EA, MST | May 20, 2026 | Uncategorized
If you give artwork to charity, the deduction you can claim depends on several factors, including the type of organization receiving the piece and how it will be used. Special substantiation and appraisal rules may apply as well. Relation to Charitable Function Your...
by Megan Kosciolek, EA, MST | Apr 29, 2026 | Uncategorized
If you run your business as a C corporation, you may be eligible for a potentially significant tax break for qualified small business (QSB) stock. This opportunity has existed for years, but recent tax law changes have enhanced it. What’s a QSB corporation? QSB...
by Megan Kosciolek, EA, MST | Mar 24, 2026 | Uncategorized
Did you know that you can claim tax deductions for animals that serve a bona fide business purpose? This benefit extends beyond agricultural operations. Working animals in many sectors may qualify. Here are the details. Working Animals vs. Personal Pets A working...
by Megan Kosciolek, EA, MST | Mar 5, 2026 | Uncategorized
Personal interest expense generally can’t be deducted for federal tax purposes. There are, however, exceptions. Here are four, one of which is a new break under the One Big Beautiful Bill Act (OBBBA), which was signed into law in 2025. 1. Mortgage Interest Perhaps the...
by Megan Kosciolek, EA, MST | Jan 28, 2026 | Uncategorized
A new tax-advantaged way to help children build up savings for the future was created by the One Big Beautiful Bill Act (OBBBA): Trump Accounts (TAs). Under a pilot program, you can make an election to set up a TA for your U.S. citizen child born in 2025 through 2028...
