Renewed work opportunity tax credit can help employers hire workers

Renewed work opportunity tax credit can help employers hire workers

With many businesses facing a tight job market, the IRS reminds employers to check out the work opportunity tax credit. Resent legislation extended this credit through the end of 2025. This long-standing tax benefit encourages employers to hire workers certified as...
Tax depreciation rules for business automobiles

Tax depreciation rules for business automobiles

If you use an automobile in your trade or business, you may wonder how depreciation tax deductions are determined. The rules are complicated, and special limitations that apply to vehicles classified as passenger autos (which include many pickups and SUVs) can result...
Is a Health Savings Account right for you?

Is a Health Savings Account right for you?

Given the escalating cost of health care, there may be a more cost-effective way to pay for it. For eligible individuals, a Health Savings Account (HSA) offers a tax-favorable way to set aside funds (or have an employer do so) to meet future medical needs. Here are...