OBBBA Boosts Standard Deductions
Starting in 2025, the One Big Beautiful Bill Act (OBBBA) increases and makes permanent the larger standard deductions introduced by the Tax Cuts and Jobs Act. The new standard deductions for this year (2025) are $15,750 for single filers, $31,500 for married couples filing jointly, and $23,625 for heads of household. The IRS will adjust […]
OBBBA: Convert Personal Vehicle to Business, Deduct Up to 100%
Do you have a personal vehicle? Thanks to the One Big Beautiful Bill Act (OBBBA), you may be eligible for a valuable “no new cash outlay” tax deduction beginning in 2025. Here’s how it works: If you convert a personal-use vehicle to business use, the law treats it as placed in service on the conversion […]
U.S. Tax Survival Guide for International Students — Don’t Let the IRS Mess with Your Study Abroad Dreams
By AG FinTax | Global Tax & Compliance Experts for Students Abroad So you’ve got your U.S. visa, your flight booked, and your Netflix watchlist ready for those jet-lagged nights. But have you packed your tax plan? Because here’s the truth: taxes in the U.S. aren’t just for people with a full-time job and a […]
Perhaps Your Last Chance for Home Energy Improvement Tax Credits
Current tax law allows homeowners to claim up to $3,200 per year in tax credits for energy-efficient home improvements. But these incentives may soon vanish. Pending tax legislation in Congress could eliminate these benefits for improvements placed in service after December 31, 2025. What’s Available? There are two key credits to know about. Up to […]
Avoid These 7 Costly Mistakes People Make Without a Financial & Tax Check-Up
Financial health isn’t just about how much you earn—it’s about how well you manage, protect, and grow what you have. Yet, many individuals and business owners unknowingly make expensive mistakes simply because they skip regular financial and tax check-ups. With 20 plus years of experience, I’ve seen firsthand how small oversights can lead to major […]
From Chaos to Clarity: How a Financial Check-Up Helps Small Business Owners Thrive
From Chaos to Clarity: How a Financial Check-Up Helps Small Business Owners Thrive Running a small business is no easy feat. Between managing operations, handling customers, and keeping up with industry trends, many entrepreneurs struggle to maintain a clear picture of their financial health. Without regular check-ups, disorganized finances can lead to cash flow problems, […]
Why Partnering with an R&D Tax Credit Expert Is a Game-Changer for CPA Firms
In today’s highly competitive and compliance-driven environment, CPA firms are constantly seeking new ways to deliver added value to their clients. While traditional accounting and tax services remain foundational, forward-thinking firms recognize the need to expand into specialized advisory areas—especially those that require technical expertise, like the Research and Development (R&D) Tax Credit. However, navigating […]
How a $24.99 Financial Check-Up Can Save You Thousands in Taxes and Missed Deductions
By Anil Grandhi | CEO of AG FinTax | Forbes Finance Council Member Most people think tax season is the only time to look at their finances. But here’s the truth: if you’re only thinking about taxes in March or April, you’re already losing money. A strategic financial check-up—especially one priced at just $25—can uncover […]