ECS ARTICLES & NEWS

The American Opportunity Tax Credit (AOTC) provides valuable tax relief for families paying for higher education. It applies to qualified education expenses for an eligible student’s first four years of post-secondary education.

The IRS has announced increases to both the estate tax basic exclusion amount and the annual gift tax exclusion for 2025, reflecting inflation adjustments.

Under the Inflation Reduction Act, individuals can access valuable tax credits when purchasing new or used clean vehicles or installing residential charging equipment. Here's a breakdown of the key credits and how they apply in 2025.

The IRS has released the updated Pension Plan Limitations for the 2025 Plan Year, including key adjustments that may impact your retirement planning strategy.

For clients enrolled in a High-Deductible Health Plan (HDHP), Health Savings Accounts (HSAs) remain a powerful tool for managing healthcare costs with tax advantages. The IRS has announced the updated HSA limits for tax year 2025:

The latest tax legislation brings major wins – and a few cautionary notes – for business owners, especially those involved in capital...