Portability can be the simplest way to preserve a married couple’s combined exclusion, but one Form 706 mistake can erase the DSUE amount. The most common failure is using simplified reporting when the estate plan requires real asset values.
100 percent bonus depreciation is back and Section 179 limits are larger, but Section 179 has income limits and carryover mechanics. Here is the decision screen.
If your passion project earns income, from dog breeding to photography, the IRS may classify it as a hobby, limiting your deductions. Here’s how to protect your deductions and prove your activity qualifies as a legitimate business under the 2025 OBBBA rules.
