Mar 10, 2026 | Blog, Tax Bites
It may be 2026, but you can still make a 2025 contribution to a traditional or Roth IRA until April 15. For 2025, eligible taxpayers can contribute up to $7,000 ($8,000 if they’re age 50 or older). The limit applies to traditional and Roth IRAs on a combined basis. If...
Mar 3, 2026 | Blog, Tax Bites
If you used one or more vehicles in your business during 2025, you may be eligible for valuable tax deductions on your 2025 income tax return. Businesses can generally deduct expenses attributable to business use of a vehicle plus depreciation. However, the rules are...
Feb 24, 2026 | Blog, Strategy Group Recaps
If you are considering using a self-directed IRA for real estate or alternative investments, this call is a great place to start. In this session, Jack Kiley, CPA and principal at MidAtlantic IRA, walks through how self-directed retirement accounts work, how to...
Feb 24, 2026 | Blog, Tax Bites
Raising a family comes with plenty of expenses, but it may also make you eligible for various tax breaks. Some of the most valuable are tax credits, because they reduce your tax liability dollar for dollar (unlike deductions, which only reduce the amount of income...
Feb 23, 2026 | Blog, Self-Directed IRA Investing
Why Trend Chasing Feels So Tempting Trends are persuasive. When a particular strategy gains momentum, it tends to show up everywhere at once. Investors hear about strong returns. They see peers participating. Podcasts, social media, and online forums repeat the same...
Feb 17, 2026 | Blog, Tax Bites
An important decision to make when filing your individual income tax return is whether to claim the standard deduction or itemize deductions. A change under the One Big Beautiful Bill Act (OBBBA) will make it beneficial for more taxpayers to itemize deductions on...
Feb 16, 2026 | Blog, Self-Directed IRA Investing
When Flexibility Starts to Feel Like Overwhelm One of the biggest advantages of a self-directed IRA is access. Real estate, private lending, notes, syndications, private equity, and more all become available in a way traditional retirement accounts do not allow....
Feb 10, 2026 | Blog, Tax Bites
Married couples have a choice when filing their 2025 federal income tax returns. They can file jointly or separately. What you choose will affect your standard deduction, eligibility for certain tax breaks, tax bracket and, ultimately, your tax liability. Which filing...
Feb 9, 2026 | Blog, Self-Directed IRA Investing
Why the Same Deal Produces Different Outcomes In investing, people often ask whether a deal is good or bad. In practice, the more important question is whether the deal fits the investor. Two investors can review the same opportunity, follow the same rules, and...
Feb 3, 2026 | Blog, Tax Bites
If you itemize deductions on your 2025 individual income tax return, you potentially can deduct donations to qualified charities you made last year. But your gifts must be substantiated in accordance with IRS requirements. Exactly what’s required depends on various...
