by Derric J. Isensee | Jan 25, 2026 | Accounting, Financial Planning, Individuals & Families
Qualified Tips Deduction (§224) Annual Deduction Cap: $25,000 Eligible Income: Cash tips reported on required statements or Form 4137 Occupation Restriction: Only listed occupations qualify where tipping is customary. MAGI Phase-Out Threshold: $150,000 (Single)...
by Derric J. Isensee | Jan 25, 2026 | Accounting, Business, Tax Strategies
Section 179 Expensing Maximum Expensing Limit: $2,500,000 per tax year (for tax years beginning after 12/31/2024) Phase-Out Threshold: Begins when total §179 property placed in service exceeds $4,000,000 Phase-Out Rate: Dollar-for-dollar reduction above $4,000,000...
by Derric J. Isensee | Jan 10, 2026 | Accounting, Financial Planning, The MidCoast Journey
Success in any venture usually starts with having the right team. You wouldn’t build a house with an architect and a builder who never speak to each other. Yet, when it comes to managing their wealth, many people operate with completely disconnected...
by Derric J. Isensee | Sep 25, 2018 | Accounting, Tax Strategies
“The Tax Cuts and Jobs Act, the most sweeping federal tax law change in 30 years” The Tax Cuts and Jobs Act, the most sweeping federal tax law change in 30 years, has brought with it a myriad of provisions significantly impacting the business community. Many of these...
