Tax Updates

Tax update summaries.

Short summaries and downloadable PDFs. Use them as planning prompts, not filing advice.

Tax update briefings

Recent briefings.

July 24, 2025

A broad tax law update affecting individuals, businesses, credits, deductions, and estate planning.

Individual rates and standard deductions changed.
Business provisions may affect QBI, depreciation, research expenses, and interest.
High-income taxpayers may need to review deductions, AMT, estate planning, and estimates.
Check current IRS guidance before filing.

April 30, 2025

A summary of the clean energy credit for qualifying home energy property.

The credit is generally 30% of qualifying costs during the main credit period.
Eligible property can include solar, fuel cell, wind, geothermal, and battery storage.
Fuel cell property has extra residence and capacity rules.
Business use can limit the credit.

March 31, 2025

A summary of credits for qualifying home efficiency improvements.

The credit is generally 30% of eligible costs, subject to limits.
Categories include doors, windows, insulation, air sealing, HVAC, heat pumps, and audits.
Some heat pump and biomass property may qualify for a higher limit.
Keep certifications, installation dates, and invoices.

May 15, 2025

A short brief about IRS staffing and enforcement capacity.

IRS staffing and enforcement capacity can affect response timelines, audit administration, and taxpayer communication.
Clients should still respond to notices promptly and keep complete records even when IRS processing appears delayed.
For business owners, organized books and documentation remain the best defense against tax notice stress.