The Tax Advisory Group, LLC

The April 15 tax filing deadline is just around the corner. Keep in mind that it’s also the deadline for filing a gift tax return if you made large gifts last year. Find out if you must file a 2024 gift tax return and if not, why you may want to file one anyway. https://conta.cc/3QIonC3

Years ago, businesses used to be able to claim a tax deduction for most business-related interest expense. The Tax Cuts and Jobs Act changed that. Here’s the current situation. https://conta.cc/4h7LReT

The tax rules for business losses from partnerships, S corporations and LLCs can be complex. Here’s what you need to know when filing your tax return. https://conta.cc/3QpFTuY

The best way to grow your nest egg is to save for retirement today. There’s still time if you’re eligible and you didn’t contribute the maximum amount allowed in 2024 to a traditional IRA or SEP. https://conta.cc/3X63aWg

The Child Tax Credit is a critical resource for millions of families. But under current law, many taxpayers will see the credit cut in half in 2026 if Congress doesn’t act this year. https://conta.cc/4jTHK8E

You may have heard about proposals to end taxes on tips. If you’re a business with employees who receive tips, how should you proceed? https://conta.cc/4hUc1CD

Is retirement on the horizon? Plan ahead for the tangle of tax implications you may face. https://conta.cc/4hM1MzV

For 2025, inflation-adjusted changes were made to certain business tax provisions. Here’s how much your employees can contribute to their 401(k)s and FSAs this year, as well as other important business tax amounts. https://conta.cc/3Q2wU2A

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 you may have. https://conta.cc/3WCmOc9

An important deadline is coming up fast for businesses with workers. Here’s what’s due on Jan. 31. https://conta.cc/3WCSM8h