Business Interest Deduction Limits in 2026: What Businesses Need to Know Businesses often rely on financing to fund operations, purchase equipment, acquire real estate, or support expansion. While business loan interest is generally deductible, the IRS limits the amount many businesses can deduct each year under IRC Section 163(j). Several important changes take...
How the IRS Classifies Workers in 2026: The Common-Law Control Test Explained Properly classifying workers is one of the most important payroll tax responsibilities for any business. Whether a worker is treated as an employee or an independent contractor affects payroll taxes, information reporting, employee benefits, and potential IRS penalties. For 2026, the...
How Much Can You Put in an IRA in 2026? Contributing to an Individual Retirement Account (IRA) is one of the simplest ways to save for retirement while potentially reducing your tax bill. Whether you contribute to a Traditional IRA, a Roth IRA, or both, understanding the 2026 contribution limits and income restrictions can...
Retirement Contribution Deadlines for 2026: Don’t Miss These Important Dates Contributing to a retirement account is one of the smartest ways to reduce your taxable income while building long-term financial security. However, knowing how much you can contribute is only part of the equation—you also need to know when those contributions must be...
Section 163(j) Explained: Business Interest Deduction Limits for 2026 Borrowing money can help a business grow—but it doesn’t always mean all interest is immediately deductible. Under IRC Section 163(j), the IRS limits how much business interest expense many businesses can deduct each year. For 2026, understanding these rules is essential for businesses with...
Should You Itemize in 2026? Here’s How to Decide One of the most common questions taxpayers ask each year is whether they should claim the standard deduction or itemize deductions. For the 2026 tax year, the answer is usually straightforward: choose the option that gives you the larger deduction. If your allowable itemized...
2026 401(k) and IRA Contribution Limits Explained Saving for retirement remains one of the most effective ways to reduce your taxable income while building long-term financial security. The IRS has increased several retirement contribution limits for 2026, giving individuals more opportunities to save through employer-sponsored retirement plans and Individual Retirement Accounts (IRAs). Whether...
Can Businesses Deduct Interest in 2026? Yes—but there are limits. While business loan interest is generally tax deductible, many businesses must apply the IRS limitation under IRC Section 163(j), which can reduce the amount deductible in the current year. For 2026, your deductible business interest generally cannot exceed: Business interest income 30% of Adjusted...
What Is Adjusted Taxable Income (ATI) for 2026? If your business has loans or other financing, you’ve likely heard about Adjusted Taxable Income (ATI). ATI is one of the most important calculations under IRC Section 163(j) because it determines how much business interest your company can deduct each year. For 2026, understanding ATI...
Sales Tax Nexus Rules for Remote Sellers in 2026 Think you only owe sales tax in states where you have a physical location? Not anymore. Since the U.S. Supreme Court’s landmark Wayfair decision, many remote businesses are required to collect and remit sales tax based solely on their economic activity within a state—even if...
Copyright by Accu-Tax, Inc. All Rights Reserved.
Copyright by Accu-Tax, Inc. All Rights Reserved.
