The 2026 Tax Changes Business Owners Are Still Missing: A Mid-Year Checkpoint
The 2025 tax law has layered provisions affecting business owners, some applicable immediately and others introduced in 2026 and beyond. Key changes include bonus depreciation, R&D expensing, and new reporting requirements. Business owners must adapt to these shifts, particularly around interest deductions and payroll reporting, before deadlines arise at year-end.
Understanding Charitable Remainder Trust Basics
Charitable remainder trusts (CRTs) are irrevocable trusts that provide income to beneficiaries for a specific period before donating remaining assets to charity. They offer financial benefits, such as tax deductions and income stability, while supporting philanthropic goals. Understanding CRT types and IRS rules is vital for effective estate planning.