Resources

Are Your Medical Expenses Deductible? You may be able to claim a tax deduction for unreimbursed medical and dental expenses that exceed 7.5% of your adjusted gross income. Eligible expenses can include payments for medical and dental care, prescription medications, insulin, medical equipment and supplies, certain health insurance premiums, and…

If you're the parent of a college-aged child, you already know how pricey higher education has become. According to EducationData.org's Education Data Initiative (EDI), the average annual cost of college in the United States in 2026 is $38,270, which means college costs have more than doubled in the 21st century…

Launching a start-up involves many decisions. Among the most important is choosing the right business structure for federal tax purposes. Last year's One Big Beautiful Bill Act (OBBBA) made permanent and modified several provisions of the Tax Cuts and Jobs Act (TCJA) of 2017. Some of these changes should be…

Capitalizing Intangible Asset Costs Does your business hold intangible assets? Intangibles are nonphysical, long-term resources that can add significant value to a business. Examples include copyrights, licenses and customer lists. The tax implications can be complex. IRS regulations require the capitalization of costs to 1) acquire or create intangibles; 2)…