Choosing Between the Standard Deduction and Itemizing
Why This Choice Matters When you file your federal tax return, one fork in the road can change your bill by hundreds—even thousands—of dollars: do you take the standard deduction or itemize? Both paths reduce your taxable income. The goal isn’t to be fancy; it’s to be factual about which produces the lower tax for...
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Navigating the New Child Tax Credit Rules
Why this matters now The Child Tax Credit (CTC) just changed in meaningful ways for the 2025 tax year. Getting these details right can put real money back in your pocket—and missteps can leave it on the table. The latest federal law (often called the One, Big, Beautiful Bill Act (OBBBA)) bumped the credit and...
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Tax Planning Strategies for Real Estate Investors: Reduce Liability, Increase ROI
Real estate investing can be one of the most tax-advantaged wealth-building strategies available — if you know how to leverage the tax code in your favor. The right planning can reduce your tax liability, increase your after-tax cash flow, and help you reinvest more profits back into your portfolio. In this comprehensive guide, we’ll break...
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How Contractors Can Legally Maximize Deductions on Tools, Vehicles, and Supplies
As a contractor, keeping more of every dollar hinges on using the tax code the way it was designed—accurately, aggressively, and with airtight records. At RJL Consulting NY LLC, we help builders, electricians, plumbers, HVAC pros, remodelers, and specialty trades turn everyday spending—tools, trucks, trailers, and consumables—into compliant tax deductions that protect margins and fuel...
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How the New Tax Law Impacts Small Business Deductions
The latest federal tax reform, often dubbed the “Big Beautiful Bill,” has reshaped how small businesses handle deductions. While it aims to simplify the tax system and stimulate growth, the fine print matters,especially for small business owners. If you run a service firm, a contracting business, or even a small retail shop, the new rules...
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