The Tax Professionals Blog

Tax Opportunities to Pay Off Student Loans

Posted by Lee Reams Sr., BSME, EA on

Paying off student loans? Learn how 529 plans, employer-paid benefits, and new OBBBA provisions can help you manage debt and maximize tax savings while repaying student loans.

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Passenger Vehicle Loan Interest

Posted by Lee Reams Sr., BSME, EA on

Learn the fine print behind the new passenger vehicle loan interest deduction—tight eligibility, MAGI limits, and U.S. assembly rules make this benefit tougher to claim than it appears.

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Highlights of Internal Revenue Bulletin 2025-40 – 9/29/2025

Posted by Lee Reams Sr., BSME, EA on

In this week’s IRS Bulletin 2025-40: new guidance on catch-up contributions under SECURE 2.0, updated August bond rates, and a list of revoked 501(c)(3) organizations.

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Adoption Credit

Posted by Lee Reams Sr., BSME, EA on

Adopting in 2025? You may qualify for up to $17,280 in tax credits! A new $5,000 refundable option makes it easier for families to benefit. Learn about eligibility, expenses, and income limits.

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Highlights of Internal Revenue Bulletin 2025-39 – 9/22/2025

Posted by Lee Reams Sr., BSME, EA on

Key highlights from IRS Internal Revenue Bulletin 2025-39, including withdrawn proposed regulations under IRC Section 6103(n) and administrative updates.

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