The Tax Professionals Blog
Self-Employed Health Insurance Deduction Explained
Posted by Lee Reams Sr., BSME, EA on
Learn how self-employed individuals, partners, and S-corp shareholders can deduct health insurance premiums under IRS rules. Find out eligibility details.
Highlights of Internal Revenue Bulletin 2025-8 – 2/18/2025
Posted by Lee Reams Sr., BSME, EA on
In this release: Key IRS rulings, retirement plan updates under SECURE 2.0, tax notices, and digital content classification. Learn more about the latest changes from IRB 2025-8.
Mandatory 401k Roth Contributions Under the SECURE 2.0 Act
Posted by Lee Reams Sr., BSME, EA on
In this release, learn about key SECURE 2.0 Act changes to 401(k) catch-up contributions, including increased limits for ages 60-63 and Roth requirements for high earners
Highlights of Internal Revenue Bulletin 2025-7 – 2/10/2025
Posted by Lee Reams Sr., BSME, EA on
In this release, explore IRS Bulletin 2025-7, featuring key updates on tax credits, employee plans, and federal rates. Stay informed on the latest IRS rulings and procedures.
Coverdell ESA to Sec 529 Plan Rollover
Posted by Lee Reams Sr., BSME, EA on
In this release, learn how to roll over a Coverdell ESA into a 529 plan, key deadlines, and expanded benefits, including Roth IRA rollovers, student loan payments, and tuition coverage.