The 2026 Business Interest Expense Test for Leveraged Owners
Debt can help you acquire property, equipment, and operating businesses, but the related interest may not be fully deductible in the year it is paid. Here is how the 2026 Section 163(j) test applies to leveraged owners.
2025 Tax Brackets: Key Updates for Individuals, Corporations, Trusts, and Investments
The IRS has released the updated tax brackets for 2025, reflecting important changes for individuals, corporations, trusts, and investors. This blog post breaks down the key updates, including income tax rates, capital gains brackets, and estate tax thresholds, along with actionable strategies to help you navigate the upcoming tax season. Stay informed and plan ahead with expert guidance from The RVA Accountant, PLLC.