by pinathan2 | Mar 20, 2026 | Business Taxes
After purchasing equipment, vehicles, or machinery, business owners always ask: “Can I write this off this year?” Usually the answer is yes, but the method of depends on your situation. Two major tax provisions allow businesses to deduct the cost of assets much faster...
by pinathan2 | Mar 8, 2026 | Business Taxes
Buying a vehicle for your business has always offered potential tax savings—but the rules changed in 2025. The One Big Beautiful Bill Act (OBBBA) permanently restored 100% bonus depreciation for qualifying property placed in service after January 19, 2025. For many...
by pinathan2 | Feb 22, 2026 | Personal Taxes
Caring for elderly parents is a privilege and a huge financial responsibility. In my practice, a common question I get asked is: “Can I claim my parents on my tax return?” The answer is often yes — but only if you meet specific IRS requirements. Below, we...
by pinathan2 | Feb 15, 2026 | Personal Taxes
The Child Tax Credit (CTC) is one of the most valuable tax credits available to families—but it’s also one of the most misunderstood. Many taxpayers either miss out on it entirely or don’t realize how income limits, filing status, and age rules affect what they can...
by pinathan2 | Jan 31, 2026 | Personal Taxes
As a licensed tax practitioner, one of the questions I get asked a lot is, “Can I claim my grandchild as a dependent?” Naturally, I have to give my favorite answer: it depends. The IRS has specific rules to determine who qualifies to claim a grandchild as...