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Key Figures 2025 & 2026

Key Figures 2025 & 2026

November 19, 2025

Reina Kasten

As we approach the end of the year, we want to provide you with essential tax planning figures for 2024 and a preview for 2025. If you need any further assistance or clarification, please do not hesitate to contact us. We are always happy to help you with your tax needs. Download PDF: Key Figures…

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Our Articles

California

California Doesn’t Play by Federal Rules: What §179 and Bonus Depreciation Really Mean for 2025

November 18, 2025

Key Takeaway: Even though the One Big Beautiful Bill Act (OBBBA) restored 100% bonus depreciation at the federal level, California still doesn’t conform. The state limits §179 expensing to $25,000 and completely disallows bonus depreciation—creating a big difference between your federal and state taxable income. California and Bonus Depreciation: Still a No-Go While federal law…

Binding Contract Rule

100% Bonus Is Back Under OBBBA—But Watch Out for the “Binding Contract” Rule

November 11, 2025

Key Takeaway: 100% bonus depreciation is back—great news for businesses looking to accelerate write-offs. But a new binding contract rule could catch early-year buyers off guard. A Quick Recap: From Phase-Down to Full Recovery When the Tax Cuts and Jobs Act (TCJA) passed in 2017, businesses celebrated a historic opportunity: 100% bonus depreciation for assets…

QPP

Qualified Production Property (QPP): How Manufacturers Can Unlock 100% Expensing Under the OBBBA

November 6, 2025

Key Takeaways: What Is Qualified Production Property (QPP)? In simple terms, QPP allows companies that build or substantially renovate facilities used in manufacturing, production, or refining tangible products to deduct the full cost of those facilities in the year they’re placed in service. For manufacturers, that means skipping the traditional 39-year depreciation schedule and taking…

What the OBBBA 1099 Reporting Changes Mean for Local Governments

What the OBBBA 1099 Reporting Changes Mean for Local Governments

October 29, 2025

When Congress passed the One Big Beautiful Bill Act (OBBBA) earlier this year, most of the headlines focused on tax cuts and business incentives. But tucked within the legislation are important changes to IRS information reporting rules—specifically, how and when organizations (including local governments) must issue Form 1099s. These updates may sound minor, but they…

Maximize Deductions

2025 Charitable Giving Deadline: Maximize Deductions Before 2026 Tax Laws Change

October 23, 2025

Charitable giving has always been about generosity, but it’s also about being strategic with the goal being to maximize deductions. With new tax law changes taking effect in 2026, the way your contributions are deducted could look very different. That means 2025 is the year to act—both to support the causes you care about and…

Year-End Tax Planning for Generous Donors: Bunching vs. Donor-Advised Funds (Before 2026 Tax Changes)

Year-End Tax Planning for Generous Donors: Bunching vs. Donor-Advised Funds (Before 2026 Tax Changes)

October 22, 2025

When it comes to charitable giving, your heart may guide your generosity—but your tax strategy should guide when and how you give. With the new charitable contribution rules starting in 2026, now is the time to ask: should you bunch your contributions or contribute to a donor-advised fund (DAF)? Both approaches can help you maximize…

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