December 31 is a hard deadline. Once it passes, many S-Corp tax strategies disappear. Equipment deductions? The asset must be in service by year-end. 401(k) deferrals? December 31,
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December 31 is a hard deadline. Once it passes, many S-Corp tax strategies disappear. Equipment deductions? The asset must be in service by year-end. 401(k) deferrals? December 31,
The 20% Qualified Business Income deduction is one of the most valuable tax breaks available to S-Corp owners. And as of July 2025, it’s permanent. But here’s what
How much should you pay yourself from your S-Corp? The IRS doesn’t give you a number. There’s no formula. No percentage. What they do give you is a
The 2026 tax year marks a turning point for S-Corporation owners. With the One Big Beautiful Bill Act (OBBBA) signed into law on July 4, 2025, several temporary
Both S-Corporations and partnerships are pass-through entities. Neither pays federal income tax at the entity level. Income flows through to the owners’ personal returns. But the similarities end