Tax Law Updates

  2026 Quarterly Tax Guide for Freelancers If you’re a freelancer, independent contractor, consultant, or gig worker, taxes typically aren’t withheld from your income. That means you may need to make quarterly estimated tax payments throughout the year to avoid IRS interest and underpayment penalties. Understanding how estimated taxes work can help you stay compliant,...

  Digital Asset Tax Rules for 2026 Digital assets continue to be taxed under the IRS property-based framework in 2026. That means cryptocurrency, stablecoins, NFTs, and other digital assets are generally treated as property—not currency—for federal tax purposes. Depending on the transaction, receiving digital assets may create ordinary income, while selling, trading, or spending them...

  Can You Expense R&E Costs in 2026? Yes. Beginning in 2026, most domestic Research & Experimental (R&E) costs can generally be deducted immediately rather than amortized over several years. However, foreign R&E costs continue to be capitalized and amortized over 15 years. This change provides significant tax relief for businesses investing in research, product...

  Research Tax Credit for Businesses: 2026 Guide The federal Research Tax Credit remains one of the most valuable tax incentives available to businesses investing in innovation. Whether you’re developing new products, improving manufacturing processes, creating software, or advancing technology, qualifying research activities may significantly reduce your federal tax liability. Here’s what businesses should know...

  Crypto Gains, Losses, and IRS Reporting in 2026 Cryptocurrency and other digital assets remain taxable in 2026 under the IRS property-based tax framework. Whether you sell, exchange, spend, mine, stake, or receive crypto, the transaction may have federal tax consequences depending on the circumstances. For many taxpayers, the biggest change isn’t that crypto is...

  Do You Owe Tax on Bitcoin Sales? Yes. In most cases, selling Bitcoin is a taxable event. The IRS treats Bitcoin as property rather than currency, which means selling, trading, or spending Bitcoin generally results in a capital gain or capital loss. Understanding how Bitcoin transactions are taxed can help you avoid reporting mistakes...

  2026 Guide to Research Tax Benefits Businesses investing in innovation may qualify for valuable federal tax benefits in 2026. The two primary incentives are the Section 41 Research Credit and the immediate deduction of domestic Research & Experimental (R&E) costs under Section 174A. When used together, these provisions can help reduce taxable income, lower...

  Can You Immediately Expense Research Costs in 2026? Yes. Beginning with tax years after December 31, 2024, businesses can generally immediately deduct domestic Research & Experimental (R&E) expenses under new IRC Section 174A. However, foreign R&E expenses must still be capitalized and amortized over 15 years under IRC Section 174. This change provides a...

  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...