Victor Dozzi – Page 2 – Crawford Ellenbogen

Feb 5, 2026

How the new Trump Accounts for children will work

By Victor Dozzi
Taxes
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A new tax-advantaged way to help children build up savings for the future was created by the One Big Beautiful Bill Act (OBBBA): Trump Accounts (TAs). Under a pilot program, you can make an election to set up a TA for your U.S. citizen child born in 2025 through 2028 and the federal government will

Jan 29, 2026

When medical expenses are — and aren’t — tax deductible

By Victor Dozzi
Deductions, Taxes
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If you had significant medical expenses last year, you may be wondering what you can deduct on your 2025 income tax return. Income-based thresholds and other rules can make it hard to claim the medical expense deduction. At the same time, more types of expenses may be eligible than you might expect. Limits on the

Jan 14, 2026

Not all “business” expenses are tax deductible

By Victor Dozzi
Business, Deductions
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With 2025 in the rear view mirror and the tax filing deadline on the road ahead, it’s a good time for businesses to start gathering information about their deductible expenses for 2025. But what’s deductible (and what’s not) might not be as clear-cut as you think. Most business deductions aren’t specifically listed in the Internal

Dec 9, 2025

How will taxes affect your merger or acquisition?

By Victor Dozzi
Business
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Whether you’re selling your business or acquiring another company, the tax consequences can have a major impact on the transaction’s success or failure. So if you’re thinking about a merger or acquisition, you need to consider the potential tax impact. For tax purposes, a transaction can basically be structured as either an asset sale or

Dec 3, 2025

What you need to know about deducting business gifts

By Victor Dozzi
Business, Deductions
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Thoughtful business gifts are a great way to show appreciation to customers and employees. They can also deliver tax benefits when handled correctly. Unfortunately, the IRS limits most business gift deductions to $25 per person per year, a cap that hasn’t changed since 1962. Still, with careful planning and good recordkeeping, you may be able

Nov 11, 2025

Your family needs to know how to access your estate planning documents

By Victor Dozzi
Estate
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Making sure your family will be able to locate your estate planning documents when needed is one of the most important parts of the estate planning process. Your carefully prepared will, trust or power of attorney will be useless if no one knows where to find it. When loved ones are grieving or faced with

Nov 5, 2025

Review your business expenses before year end

By Victor Dozzi
Business
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Now is a good time to review your business’s expenses for deductibility. Accelerating deductible expenses into this year generally will reduce 2025 taxes and might even provide permanent tax savings. Also consider the impact of the One Big Beautiful Bill Act (OBBBA). It makes permanent or revises some Tax Cuts and Jobs Act (TCJA) provisions

Oct 29, 2025

Couple sitting on a couch looking at a laptop

Making the most of the new deduction for seniors

By Victor Dozzi
Deductions, Taxes
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For 2025 through 2028, individuals age 65 or older generally can claim a new “senior” deduction of up to $6,000 under the One Big Beautiful Bill Act (OBBBA). But an income-based phaseout could reduce or eliminate your deduction. Fortunately, if your income is high enough that the phaseout is a risk, there are steps you

Sep 25, 2025

Summary of Business Provisions of the New Tax Act (the Act) (formally known as One Big Beautiful Bill or, informally, OBBB, or OB3), signed into law July 4, 2025

By Victor Dozzi
Business, Taxes
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Qualified Business Income (QBI) deduction: The Act makes this deduction permanent. It also sets a minimum deduction for active QBI for “applicable taxpayers” at $400; defines an applicable taxpayer as one whose aggregate QBI for all active qualified trades or businesses for the tax year is at least $1,000; and establishes inflation adjustments for the