https://carboneandallison.com/ Take a look at our recent blog posts and client newsletter articles. en-us Sun, 01 Feb 2026 09:00:00 +0000 Sun, 01 Feb 2026 09:00:00 +0000 https://www.carboneandallison.com/newsletter.php#1 Many rental property owners are surprised to learn that federal tax law often restricts their ability to deduct losses, treating most rental activities as passive unless specific requirements are met. But if you can qualify for the real estate professional exception, you may be able to turn otherwise suspended losses into immediate tax savings. Sun, 01 Feb 2026 09:00:00 +0000 https://www.carboneandallison.com/newsletter.php#1 https://www.carboneandallison.com/newsletter.php#3 You have until April 15, 2026, the tax filing deadline, to make 2025 contributions to an IRA. If you’re seeking more than the traditional mix of stocks, bonds and mutual funds, a self-directed IRA offers greater autonomy and diversification. But it also introduces added complexity. Sun, 01 Feb 2026 09:00:00 +0000 https://www.carboneandallison.com/newsletter.php#3 https://www.carboneandallison.com/newsletter.php#2 Until recently, much tax uncertainty surrounded estate planning. The Tax Cuts and Jobs Act doubled the federal gift and estate tax exemption to an inflation-adjusted $10 million, but only for 2018 through 2025. Fortunately for those with larger estates, in 2025, legislation was signed into law that increases the exemption to $15 million for 2026, with annual inflation adjustments going forward — and no expiration date. This provides more estate planning certainty, but not complete certainty. Lawmakers could still reduce the exemption in the future. Sun, 01 Feb 2026 09:00:00 +0000 https://www.carboneandallison.com/newsletter.php#2