by ff | Aug 12, 2026 | Tax Optimization
For years, buying an electric vehicle could come with a federal tax credit worth up to $7,500 for new EVs or $4,000 for used ones. The One Big Beautiful Bill Act (OBBBA) ended that program early — and understanding exactly when it stopped matters if you’re...
by ff | Aug 12, 2026 | Tax Optimization
Starting January 1, 2026, the One Big Beautiful Bill Act (OBBBA) raised the maximum annual contribution to a Dependent Care Flexible Spending Account (FSA) from $5,000 to $7,500 per household — the first increase to this limit in decades. If your employer offers...
by ff | Aug 12, 2026 | Tax Optimization
The “kiddie tax” exists to stop a straightforward move: parents shifting investment accounts into a child’s name so the income gets taxed at the child’s low rate instead of the parents’ higher one. In 2026, the rule taxes a child’s...
by ff | Aug 12, 2026 | Tax Optimization
Both the Solo 401(k) and the SEP-IRA let a self-employed person shelter far more than a regular IRA’s $7,500 limit — both can reach the same $72,000 overall cap in 2026. But they get there in very different ways, and at most real-world income levels, one...
by ff | Aug 12, 2026 | Tax Optimization
SECURE 2.0 created a real fix for a problem that used to scare people away from 529 plans: what happens to leftover money if the beneficiary doesn’t need it all for school. Since 2024, unused 529 funds can be rolled directly into the beneficiary’s own Roth...
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