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Taxes Archives - Eric S. Degen, CPA Titan Accountancy

Taxes 2025
July 8, 2025

The 2025 “Big Beautiful Bill”: What It Means for Your Tax, Estate, and Business Planning – Reference Chart

  The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, brings sweeping, permanent changes to the federal tax code. These changes affect how families preserve wealth, how business owners plan for growth, and how individuals manage taxes over time.  Below is a summary of the most likely relevant provisions.   Policy Area 2024

June 25, 2025

The Benefits of Year-Round Personal Income Tax Planning

Tax planning is often viewed as a task to address during the final weeks of the year or, worse, only when filing returns in the spring. However, individuals who take a proactive, year-round approach to personal income tax planning gain significant advantages in financial clarity, tax savings, and long-term wealth preservation. Here are the key

Tax Time
December 19, 2024

Key 2025 Tax Facts

2025 won’t bring about many huge changes. Most of the key tax changes going into effect in the new year amount to adjustments to income or contribution limits.   As of this article’s writing, the tax cuts ushered in as part of the Tax Cuts and Jobs Act of 2017—related to income tax and the estate

Tax Time: Are Your Ready?
November 22, 2024

Year-End Tips to Prepare for Tax Time: Get Ready to See Your Accountant

As the year comes to a close, it’s the perfect time for business owners and individuals to start organizing their financial documents and preparing for tax season. Proper preparation ensures a smoother and less stressful experience when working with your accountant. Here are some key tips to help you get ready for tax time. Organize

October 23, 2024

Notable Tax Changes for Tax Year 2025 (As of 10/23/24)

The tax year 2025 adjustments described below generally apply to income tax returns to be filed starting tax season 2026. The tax items for tax year 2025 of greatest interest to many taxpayers include the following dollar amounts:   Standard Deductions. For single taxpayers and married individuals filing separately for tax year 2025, the standard deduction

August 28, 2024

Tips for Maintaining and Collecting Your Documents for Tax Time

Preparing for tax season can often be a daunting task, especially when it comes to organizing and collecting all the necessary documents. However, with a bit of planning and a systematic approach, you can make the process much smoother and less stressful. Here are some practical tips for maintaining and collecting your documents to ensure

June 18, 2024

Tips for Keeping Your Tax Data Organized Throughout the Year

Tax season can be a stressful time for many, but with some organization and planning throughout the year, it doesn’t have to be. Whether you’re a business owner, a freelancer, or just managing your personal finances, staying organized can save you time, money, and stress. Here are some tips to help you stay on top