"A modern, vibrant flat-lay illustration featuring a calculator, a tax document labeled '1065', and a green upward-trending graph. The color palette should prominently feature bright greens and warm oranges against a clean, light background to convey financial growth and tax relief."

How to Reverse Your 163(j) Election: Claiming Your Lost Bonus Depreciation

BySW Accounting admin

  Rev. Proc. 2026-17 Explained: How to Reverse Your § 163(j) Election! Are you feeling stuck with a past tax election that no longer serves your business? Discover how the new IRS guidance lets you undo your real property or farming business interest elections and reclaim massive depreciation benefits.   Let’s be completely honest—navigating the…

A bright and clean isometric illustration on a light green background. On the left, a piggy bank with a US flag design representing 'Trump Accounts'. On the right, a calendar marked '2026' and a calculator showing tax savings. Connect them with a green arrow. The style should be modern, professional, and friendly, matching a finance blog aesthetic.

2026 Feb IRS Tax News: How to Claim Your Overtime Deduction and Kids’ $1,000

BySW Accounting admin

  New 2026 Tax Rules Explained! From “Trump Accounts” for kids to tax-free overtime, here is everything you need to know to maximize your refund this year. Hey there! 😊 Is it just me, or does tax season feel like it comes around faster every single year? To be honest, opening those tax forms usually…