Tax Law Updates

  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...

    FSA Rules Every Taxpayer Should Know A Health Flexible Spending Account (Health FSA) is a valuable employer-sponsored benefit that allows you to pay for qualified medical expenses with pre-tax dollars. By reducing your taxable income, an FSA can help lower your overall tax bill while making healthcare costs more affordable. However, Health FSAs...

    Business Interest Expense in 2026: What You Can Deduct Paying interest on a business loan is common—but deducting all of that interest isn’t always guaranteed. For 2026, business interest expense is generally deductible under the Internal Revenue Code. However, many businesses must apply the deduction limitation under IRC Section 163(j), which may reduce...

  State Sales Tax Thresholds Explained for Remote Sellers Selling products online across state lines? You may be required to collect sales tax—even if your business has no physical location in the customer’s state. Every state with a sales tax has its own economic nexus threshold, which determines when a remote seller must register, collect,...

  2026 HSA Contribution Rules Explained A Health Savings Account (HSA) remains one of the most tax-efficient ways to save for healthcare expenses. If you’re covered by a qualifying High Deductible Health Plan (HDHP), you may be eligible to contribute to an HSA and enjoy valuable tax benefits. However, eligibility depends on more than simply...

  When Does Your Business Owe Sales Tax? Many business owners assume they only owe sales tax where they have a physical location. That’s no longer the case. Today, businesses can have sales tax obligations in states where they simply sell enough products or services—even without an office, warehouse, or employees there. Knowing when your...

  Remote Seller Sales Tax Guide for 2026 Selling products online across multiple states? Your sales tax responsibilities may extend far beyond where your business is located. For 2026, remote sellers must evaluate sales tax obligations on a state-by-state basis. While most states now use economic nexus rules, physical presence can still create a tax...

  What Medical Expenses Count for HSA and FSA in 2026? Health Savings Accounts (HSAs) and Health Flexible Spending Accounts (FSAs) can help lower your healthcare costs by allowing you to pay qualified medical expenses with tax-advantaged dollars. While both accounts generally cover many of the same expenses, there are important differences—especially when it comes...