Thinking about buying a new vehicle? Dr. Friday explains the new rules for deducting auto loan interest and who qualifies based on income.
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Podcast
Dr. Friday Tax Tips - One Minute Moment
One-minute tax tips from Dr. Friday. Quick answers to the questions clients ask most, more than nine hundred of them.
982 episodes
Overtime income may be deductible under the new law. Dr. Friday explains the limits, eligibility, and key reporting rules.
ListenDr. Friday highlights two new rules: an added deduction for seniors and new reporting requirements for qualified tips.
ListenFrom 2025 through 2029, taxpayers can deduct more state and local taxes. Dr. Friday explains how this expansion could benefit you.
ListenWorried about estate and gift taxes? Dr. Friday shares the good news: the lifetime exemption is now larger and permanent starting in 2026.
ListenDr. Friday explains the updated child tax credit for 2025, including how much you can claim, who qualifies, and what’s refundable.
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S Corp vs. C Corp: Which is Right for Your Business?
Small business & self-employed
Is an S corporation or a C corporation better for your business? Dr. Friday explains the pros, cons, and tax implications of each.
ListenStill donating from after-tax dollars? Dr. Friday explains how a Qualified Charitable Distribution (QCD) can save you money while supporting your favorite causes.
ListenThere’s a lot of confusion about the new $6,000 deduction for seniors. Dr. Friday clears up the difference between a deduction and a credit.
ListenDriving for work? Dr. Friday explains the rules for mileage deductions, who qualifies, and what trips don’t count toward your tax write-offs.
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Think Ahead: Tax Planning for 2024 and 2025
Dr. Friday reminds us not to wait until the last minute. With 2024 filings still open and 2025 nearly done, now is the time to plan.
ListenDr. Friday explains how many energy-related tax credits are set to expire at the end of 2025 and what that means for homeowners.
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