Selling or keeping your former home when you move

How to use these examples: These educational examples show how taxes can affect a move and which questions to consider before deciding. They use the years and assumptions stated below, which may differ from your situation. A qualified accountant can apply the rules to your income, filing status, property history and timing. Get advice before … Read more

Oregon business tax differences to check before claiming federal breaks

A federal tax break does not always carry through to Oregon. For a business owner, the practical risk is estimating both tax bills from one federal number. Oregon’s 2026 legislation identifies differences involving bonus depreciation and qualified small business stock. Oregon Revenue legislative summary. Can I deduct equipment in the same year on both returns? … Read more

Joint or separate returns when a married couple wants to reduce taxes

For a married couple, the useful question is which allowed filing method produces the lower combined tax and better overall outcome. A lower rate on one spouse’s return can hide a larger bill on the other’s. Generally, people married at year-end choose married filing jointly or married filing separately. Single is not an elective alternative … Read more

SALT and property taxes for wage earners and other taxpayers

SALT means state and local taxes. For your personal federal return, the deduction generally covers qualifying property taxes plus state and local income taxes or general sales taxes. It is an itemized deduction: you claim eligible expenses individually instead of using the fixed standard deduction. Having a large tax bill does not guarantee you can … Read more