The IRS $75 Receipt Rule: When You Don’t Need a Receipt for Business Expenses
The IRS $75 receipt rule lets you skip receipts for certain travel expenses under $75 — but it's narrower than…
Tax Guides
Tax guides, deductions, and compliance for freelancers and small businesses across US, UK, Canada, and Australia.
IRS Receipt Requirements: The Complete Guide to Keeping Receipts for Taxes [2026]
Complete guide to IRS receipt requirements for 2026. Learn what receipts the IRS requires, when you can skip one, how…
R&D Tax Deduction 2026: Immediate Expensing Restored by OBBBA
The OBBBA restores immediate deductibility for R&D expenses in 2026, reversing the 2022 amortization requirement. Learn who qualifies, how to…
Child Tax Credit 2026: OBBBA Changes Explained for Families
The OBBBA expands the Child Tax Credit for 2026 with accelerated phase-in for large families, increased refundability, and inflation indexing.…
SALT Deduction 2026: New $40,000 Cap Explained Under OBBBA
The OBBBA raises the SALT deduction cap from $10,000 to $40,000 for 2026. Learn how this change affects small business…
Standard Deduction 2026: New Amounts and What Changed Under OBBBA
The OBBBA permanently extended the doubled standard deduction and added a temporary bonus. Here are the 2026 standard deduction amounts,…
OBBBA for Self-Employed: How the New Tax Law Affects Freelancers and Sole Proprietors
The OBBBA delivers major wins for self-employed individuals — a bigger QBI deduction, permanent bonus depreciation, and expanded Section 179…
Tax Tips for Freelancers 2026: OBBBA Changes You Need to Know
The OBBBA brought major tax changes that directly benefit freelancers in 2026 — from a higher QBI deduction to permanent…
Bonus Depreciation 2026: 100% Expensing Permanently Restored by OBBBA
The OBBBA permanently restored 100% bonus depreciation, reversing the phase-down that would have dropped it to just 20% in 2026.…
Section 179 Deduction 2026: New $2.5 Million Limit Explained
The OBBBA doubled the Section 179 expensing limit to $2.5 million for 2026, with inflation-adjusted amounts reaching $2.56 million. Here's…
Small Business Tax Deductions 2026: Complete Checklist After OBBBA
The OBBBA expanded several key deductions for small businesses in 2026. From the higher QBI deduction to restored bonus depreciation,…
QBI Deduction 2026: The New 23% Rate Explained for Freelancers and Small Businesses
The OBBBA permanently increased the Qualified Business Income (QBI) deduction from 20% to 23% starting in 2026. Here's who qualifies,…