Expanding your business across borders can be exciting — but it also comes with hidden tax risks. One of the most important and often overlooked is the concept of Permanent Establishment (PE) — a taxable presence in another country that can give that country the right to tax part of your profits.

If you have kids, there are two major tax benefits that can help reduce your bill: the Child Tax Credit (CTC) and the Child & Dependent Care Credit (CDCC). While they sound similar, they work very differently—and both are set to change in 2026 unless Congress acts. 1. Child Tax Credit (CTC) – 2025 Rules The CTC helps families offset the cost of raising children. Who qualifies: Child must be under age 17 at the end of the tax year. Must be your dependent, related to you, and l

When it comes to lowering your taxable income, medical expense deductions can be a valuable tool—but only if you understand what qualifies. Many taxpayers miss out simply because they don’t realize which costs can be deducted or how to claim them properly. To deduct medical expenses, you must itemize your deductions on Schedule A (Form 1040). You can only deduct the portion of your unreimbursed medical expenses that exceeds 7.5% of your adjusted gross income (AGI). For exampl