TAXPAYER RESOURCES

With tax laws changing every year, completing your returns can be confusing and frustrating.

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Tax news and updates for individuals, families, and entrepreneurs

Our team of tax experts has the solutions to make your next filing a little easier — and that insight is just a click away. Browse our archive of tax-related posts below, and click the button to sign up for our newsletter and updates.

Excess business loss and its tax impacts

Mar 7, 2025

The tax rules for business losses from partnerships, S corporations, and LLCs can be complex. Here’s what you should know when filing your return.

Don’t dismiss potential of gift tax return

Mar 5, 2025

If you gave a gift of significant value last year, the April 15 gift tax return deadline should be of interest. Find out if you must file a 2024 gift tax return and if not, why you may want to file one anyway.

Make the most of the business interest expense deduction

Mar 3, 2025

There are practical ways to navigate the restrictions on business interest expense deductions imposed by the current Tax Cuts and Jobs Act.

Future unclear for the Child Tax Credit

Feb 13, 2025

The Child Tax Credit is a money-saving resource for millions of families. It could be cut in half if Congress doesn’t act this year.

Looking ahead to 2025 tax limits

Feb 11, 2025

How much of your 2025 earnings are taxed for Social Security? How has the standard deduction increased in 2025? Here are some answers to these and other tax questions.

Don’t skip the tips on your tax return

Feb 10, 2025

Excitement over making tips tax-free hasn’t led to a change in tax law, so that means businesses and employees have to play by the old rules for now.

Trump’s tax policy picture comes into focus

Feb 7, 2025

A Republican-controlled Congress is moving quickly to overhaul the federal tax system by adding many of President Trump’s tax cuts and eliminating or trimming existing tax breaks.

What to know about the 2025 filing season

Jan 22, 2025

If you wait until April to file your federal tax return, you’re certainly not alone. But there are advantages to filing early.

Paying self-employment tax? Brace yourself

Jan 11, 2025

You’re probably familiar with the self-employment tax if you own a business. Here’s a refresher on how it works, how much it will increase, and whether there’s anything you can do to reduce it.

"We saved one client $700,000 using R&D credits — credits that the company’s previous CPA told them they were not eligble to claim. We stay on top of the latest tax laws to help clients reduce their taxes.”

Mark Patterson, KraftCPAs Tax Services

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