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.

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.

Mastery of complex Section 123 can pay off

Jan 3, 2025

Achieving the best tax treatment for Sec. 1231 gains and losses can be a challenge. Here’s how to help plan the timing of gains and losses for optimal tax results.

Strategies to maximize your 401(k) in 2025

Dec 31, 2024
Financial analysis concept with a magnifying glass highlighting a percentage symbol over a laptop, surrounded by digital graphs and upward arrows indicating growth.

How to value intangible assets

Dec 17, 2024

Effective strategies for valuing intangible assets such as patents, trademarks, and goodwill can enhance your company’s financial understanding.

What’s in store for Medicare premiums and taxes in 2025

Dec 10, 2024

Your federal tax bill has a major affect on your Medicare insurance premiums, but do you know how much? And what changes are ahead for premiums in 2025?

How and when to deduct meals and more

Dec 9, 2024

If your business is having a holiday party this year, how much of the cost of food and beverages is tax deductible? What if you’re going on a business trip? Here are the answers.

Inflation’s impact on your 2024, 2025 taxes

Dec 5, 2024

Inflation has slowed considerably in the past couple of years. What does this mean for your next federal tax bill? Here are the inflation-adjusted amounts for several provisions in 2025, compared to 2024.

OT rule struck down: What it means for employers

Nov 27, 2024

A federal court has struck down a new rule regarding the salary threshold for determining whether employees are exempt from federal overtime pay requirements.

There’s still time to save on 2024 taxes

Nov 18, 2024

Implementing these year-end strategies might reduce your 2024 personal tax liabilities.

"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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