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L&H Insights

Tax Strategies, Advice, and Insights

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Taxes

1 min read

How to Navigate Your Online IRS Account (For Individuals)

Managing your taxes has become much easier thanks to the IRS Online Account portal. Whether you need to make a payment, download a transcript, or...

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New itemized deduction limitation will affect high-income individuals next year

2 min read

New itemized deduction limitation will affect high-income individuals next year

Beginning in 2026, taxpayers in the top federal income tax bracket will see their itemized deductions reduced. If you’re at risk, there are steps you...

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Shift income to take advantage of the 0% long-term capital gains rate

1 min read

Shift income to take advantage of the 0% long-term capital gains rate

Are you thinking about making financial gifts to loved ones? Would you also like to reduce your capital gains tax? If so, consider giving appreciated...

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Deducting business gifts - what you need to know

2 min read

What you need to know about deducting business gifts

Thoughtful business gifts are a great way to show appreciation to customers and employees. They can also deliver tax benefits when handled correctly....

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Is an HDHP plus an HSA a financially smart health care option for you?

2 min read

Is an HDHP plus an HSA a financially smart health care option for you? (Clone)

Health care costs continue to increase. Pairing a high-deductible health plan (HDHP) with a Health Savings Account (HSA) can help. Insurance premiums...

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Review your business expenses before year end

2 min read

Review your business expenses before year end

Now is a good time to review your business’s expenses for deductibility. Accelerating deductible expenses into this year generally will reduce 2025...

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Payroll tax implications of new tax breaks on tips and overtime

2 min read

Payroll tax implications of new tax breaks on tips and overtime

Before the One Big Beautiful Bill Act (OBBBA), tip income and overtime income were fully taxable for federal income tax purposes. The new law changes...

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New rules could boost your R&E tax savings in 2025

1 min read

New rules could boost your R&E tax savings in 2025

A major tax change is here for businesses with research and experimental (R&E) expenses. On July 4, 2025, the One Big Beautiful Bill Act (OBBBA)...

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What the new tax law could mean for you OBBBA

3 min read

What the new tax law could mean for you

As 2025 began, individual taxpayers faced uncertainty with several key provisions of the tax law that were set to expire at the end of the year. That...

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