The standard deduction is getting a nice bump in 2025, and that means more money in your pocket! For individual taxpayers, this change could be a game-changer when it comes to tax time. The good news is that this increase in the standard deduction 2025 will help reduce your taxable income, but how can you maximize this […]
Maximizing Benefits from the Increased Standard Deduction in 2025 Read More »
As the Internal Revenue Service (IRS) announces 2025 inflation adjustments, taxpayers across the country should take note of changes that may affect their finances. These annual updates adjust tax brackets, standard deductions, and other provisions to reflect inflation and maintain fairness in the tax code.
Understanding the IRS’s 2025 Inflation Adjustments: What Taxpayers Need to Know Read More »
Recent discussions in Congress propose reducing Medicaid funding to finance other initiatives, such as extending tax cuts. These proposed Medicaid cuts could have significant implications for taxpayers, particularly those with low incomes.
The Impact of Potential Medicaid Cuts on Taxpayers Read More »
Recent discussions about Medicaid funding cuts have raised concerns about their potential impact on businesses. These proposed reductions are aimed at financing other initiatives like tax cuts and increased border security. They could lead to significant changes in tax laws and employer-sponsored healthcare obligations.
Medicaid Funding Cuts: Potential Tax Implications for Businesses Read More »
As of January 1, 2026, the estate tax exemption is scheduled to decrease significantly. Currently, in 2025, the exemption stands at $13.99 million per individual. Without legislative changes, this amount will revert to approximately $7 million in 2026.
Estate Planning Alert: Upcoming Reduction in Gift and Estate Tax Exemptions Read More »
An IRS audit can be overwhelming and stressful, but having a ta professional by your side can make all the difference. Here’s why you should deal with an audit with proper guidance.
Why You Shouldn’t Handle An IRS Audit Without A Tax Professional Read More »
The 179D deduction for energy-efficient buildings offers significant tax savings for commercial building owners and designers. This program is designed to encourage energy efficiency by offering deductions for qualifying upgrades or new construction that meet specific energy-saving standards.
Unpacking the 179D Deduction: Tax Benefits for Energy-Efficient Commercial Buildings Read More »
Small businesses often face challenges in managing expenses while investing in equipment essential for operations. One of the most effective strategies to reduce taxable income is depreciation for small businesses. By leveraging depreciation, small businesses can offset the cost of equipment over time, improving cash flow and optimizing tax savings.
The Alternative Minimum Tax for business owners is a parallel tax system designed to ensure businesses with high income and significant deductions pay their fair share of taxes. While this may sound straightforward, it can introduce unexpected tax obligations. Understanding how it works can help businesses manage their financial planning with greater precision.
Navigating the Alternative Minimum Tax (AMT): What Every Business Owner Should Know Read More »
As remote work continues to reshape the workplace, maintaining tax compliance for remote workers has become a challenge for U.S. businesses. With employees working across multiple states or even countries, businesses must adapt their tax strategies to meet the requirements of state and federal tax laws. Failing to do so can lead to penalties, audits, and
Tax Efficiency for Remote Workforces: How U.S. Businesses Can Stay Compliant in 2025 Read More »
CPA, CTC, CA, Master of Commerce (India)
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Nidhi Jain is a CPA and Indian CA providing services in US and India. We serve Bay area including South Bay, Sunnyvale, San Jose, Milpitas, Fremont, East Bay, Trivalley, Pleasanton, Livermore, Dublin and San Ramon. We specialize and have extensive experience to best serve our clients with complex tax situations like: Asset Inheritance and Gift from Foreign countries, Repatriating Money from Foreign countries, FBAR Filing (Foreign Bank Account Reporting), Incorporation of US Entity by International Clients, International Tax reporting and compliance of selling property abroad, Tax Planning and Advisory Service
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