Viktoriya Barsukova, EA, MBA

If you reached age 73 in 2025, you may delay your first RMD until April 1, 2026. RMDIf you turned 73 in 2025, an important retirement distribution deadline is approaching. In most cases, you must begin taking required minimum distributions (RMDs) from your traditional IRA, 401(k), or similar workplace retirement plan. While annual RMDs are generally due by December 31, the first RMD has a special rule. Key first-year rule If you reached age 73 in 2025, you may delay your first RMD until April...

Qualified Production Depreciation Deduction: IRS Issues Key Guidance The IRS has released Notice 2026-16, providing interim guidance on the new IRC §168(n) qualified production depreciation deduction enacted under OBBBA. This guidance may be relied upon until proposed regulations are issued and answers several practical questions about eligibility, elections, and recapture. What Is the Qualified Production Depreciation Deduction? IRC §168(n) allows a 100% depreciation deduction for certain...

Bicycle Commuting Tax Benefit For years, the federal tax code included a small incentive for employees who rode a bicycle to work. That incentive is now gone. The One Big Beautiful Bill Act (OBBBA) permanently removes the tax exclusion for qualified bicycle commuting reimbursements. What was once a modest, tax-free fringe benefit will no longer receive favorable tax treatment starting in 2026. Here is what changed and what it means. What the Bicycle Commuting Benefit Used to Allow Beginning...