Skip to content

352 answers

One-minute answer

Section 179 Deduction Limit Increased

Deductions & credits

Big purchases for your business? Dr. Friday explains how Section 179 lets you deduct 100% of equipment costs—up to millions—in the first year.

Listen

One-minute answer

20% Business Income Deduction Made Permanent

Deductions & credits

Good news for small business owners! Dr. Friday explains the now-permanent 20% qualified business income deduction and who can benefit.

Listen

One-minute answer

Clean Energy Tax Credits Expiring Soon

Deductions & credits

Planning to install solar panels or make energy-efficient upgrades? Dr. Friday warns that many clean energy tax breaks are set to expire by 2026.

Listen

One-minute answer

Adoption Credit Expanded and Refundable

Deadlines & filing

Adopting a child? Dr. Friday shares good news about the updated adoption credit—now refundable and easier to claim starting in 2025.

Listen

One-minute answer

New Limits for Gambling Loss Deductions

Deductions & credits

Starting in 2026, gamblers won’t be able to deduct all their losses. Dr. Friday breaks down what’s changing and who it affects.

Listen

One-minute answer

Overtime Deduction Rules for 2025

Deductions & credits

Overtime income may be deductible under the new law. Dr. Friday explains the limits, eligibility, and key reporting rules.

Listen

Ask Dr. Friday

Have a tax question of your own?

Send it in. Questions may be answered on an upcoming episode or video, first name only.

Send Dr. Friday a message

Tell us a little about what you need and we will get back to you quickly.

Book Dr. Friday for your event

Share the date, audience, and topic you have in mind. We will respond as quickly as possible.

Please give us as many details as possible about your event, and any questions that you may have for Dr. Friday. We will respond as quickly as possible. Thank you!

Try “IRS letter”, “1099”, “home office”, or “bookkeeping”.