Blog

  How Cryptocurrency Is Taxed in 2026 Cryptocurrency remains taxable under federal tax law in 2026. The IRS continues to treat digital assets as property—not currency—which means crypto transactions are generally taxed under the same rules that apply to stocks and other investment property. Whether you’re buying, selling, mining, staking, or accepting cryptocurrency as payment,...

  2026 QBI Phase-In Thresholds Explained The Qualified Business Income (QBI) Deduction remains one of the most valuable tax breaks available to business owners in 2026. However, the amount you can deduct—and whether certain limitations apply—depends largely on your taxable income. For 2026, the IRS has updated the inflation-adjusted Section 199A phase-in thresholds, which determine...

  Pass-Through Tax Breaks in 2026: What Business Owners Need to Know Pass-through businesses continue to receive valuable federal tax benefits in 2026. Whether you operate as a sole proprietorship, partnership, LLC, or S corporation, understanding these tax incentives can help reduce your overall tax liability and improve cash flow. The most significant benefit remains...

  W-2 vs. 1099: How the IRS Classifies Workers in 2026 Whether a worker should receive a Form W-2 or Form 1099-NEC depends on IRS worker classification rules—not simply what a contract says. Misclassifying workers can lead to payroll tax liabilities, penalties, and interest, making proper classification essential for every business.   The IRS Common-Law...

  Employee vs. Independent Contractor: IRS Rules for 2026 Hiring workers is an exciting step for any business, but classifying them correctly is essential. Whether someone is an employee or an independent contractor affects payroll taxes, reporting requirements, and potential IRS penalties. For 2026, the IRS continues to apply the common-law control test to determine...

    Hiring Employees or Contractors? Avoid Costly IRS Worker Classification Mistakes in 2026 Hiring your first worker is an exciting milestone—but classifying that worker correctly is just as important as making the hire itself. Misclassifying a worker can expose your business to back payroll taxes, penalties, interest, and costly IRS examinations. For 2026, the...

    IRS Worker Classification Rules for 2026: Employee or Independent Contractor? Correctly classifying workers is one of the most important payroll decisions a business can make. A worker’s classification determines whether payroll taxes must be withheld, which tax forms must be filed, and whether the business could face IRS penalties for worker misclassification. For...

      401(k) vs. IRA: Tax Benefits in 2026 Both 401(k) plans and Individual Retirement Accounts (IRAs) offer valuable tax advantages, but they serve different purposes. Choosing the right retirement account depends on your income, employer benefits, contribution goals, and long-term financial strategy. For 2026, 401(k) plans continue to provide significantly higher contribution limits,...