by Lori Bowden | Jan 3, 2026 | Business, Newsletter, Tax
While legislation signed into law in 2025 extends or enhances many tax breaks for businesses, it ends some clean energy tax incentives. Fortunately, your business may still benefit from certain clean energy breaks if it acts in the first half of 2026. Make Building...
by Lori Bowden | Jan 2, 2026 | Individuals, Newsletter, Tax
Here’s a sampling of some significant tax law changes going into effect this year: New charitable contribution deduction for non-itemizers for cash contributions up to $1,000 ($2,000 for married couples filing jointly) New 0.5% of adjusted gross income floor on...
by Lori Bowden | Jan 1, 2026 | Individuals, Newsletter, Tax
Starting in 2026, personal casualty loss deductions will no longer be limited to federally declared disasters. Certain state-declared disasters will also be eligible. For a disaster to qualify, the governor (or D.C. mayor) and the U.S. Treasury Secretary must agree...
by Lori Bowden | Dec 5, 2025 | Newsletter, Top Story Johnstown
Wessel & Company, with offices in six Pennsylvania locations including Johnstown and Cranberry Township, has once again been named one of the Best Places to Work in PA for 2025. This recognition marks their eighteenth consecutive year on the list and reflects...
by Lori Bowden | Dec 4, 2025 | Individuals, Newsletter, Tax
Generally, except for home mortgage interest, personal interest expense isn’t deductible for federal income tax purposes. With the passage of the legislation commonly known as the One Big Beautiful Bill Act (OBBBA), another exception has been added. That is, you might...
