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Big Beautiful Breakdown: Changes to Itemized Deductions
Under the Tax Cuts and Jobs Act (TCJA), miscellaneous itemized deductions were suspended from 2018 through 2025. The OBBBA now makes that suspension permanent. That means deductions for unreimbursed employee business expenses, investment expenses or other “miscellaneous” costs previously subject… Read Now >>
Big Beautiful Breakdown: Take Advantage of R&D Tax Credits
August 5, 2025
Discover how the 2025 tax bill revives full expensing for domestic R&D costs, retroactive deductions, and how businesses can maximize cash flow using R&D tax credits.
Big Beautiful Breakdown: What Is Qualified Small Business Stock (QSBS)?
July 22, 2025
Discover how the 2025 tax law changes enhance Qualified Small Business Stock (QSBS) benefits for investors and founders, including faster exclusions and higher caps.
Big Beautiful Breakdown: Bonus Depreciation Benefits for Business Owners
July 15, 2025
How were bonus depreciation tax rules affected by Trump’s One Big Beautiful Bill Act? Illumination Wealth covers what you need to know.
Understanding Gift Tax Rules for Smart Wealth Transfers
July 9, 2025What are the most important gift tax rules to understand and how can you minimize tax liabilities for yourself and your recipients?
How to Plan for Financial Independence and Early Retirement (FIRE)
July 1, 2025
What is FIRE (Financial Independence and Early Retirement) planning? Illumination Wealth breaks down the steps you should be taking now.
Financial Planning for Business Owners: Creating a Roadmap for Success
June 24, 2025
Follow these tips from Illumination Wealth for financial planning for business owners. Build a stronger financial legacy with better planning.
How to Reduce Estate Taxes and Preserve Wealth for Future Generations
June 17, 2025
Looking to reduce estate taxes and improve your estate planning strategies for your family and business? Here are some tips.
Why Every Business Owner Needs an Estate Plan
June 10, 2025
As a business owner, you’ve worked hard to build something of value. But have you taken the steps necessary to protect your business—and your family’s financial future—if something unexpected happens? An estate plan isn’t just for retirees or high-net-worth individuals.… Read Now >>
Understanding Risk Tolerance: How Much Risk Should You Take?
June 3, 2025
Every investor has a different relationship with risk. Understanding your personal risk tolerance is essential to building a portfolio that supports your long-term financial goals while helping you sleep at night. At Illumination Wealth, we believe that knowing how much… Read Now >>
How to Recession-Proof Your Investment Portfolio
May 27, 2025
Recessions are an inevitable part of the economic cycle. While it’s impossible to time them perfectly, you can prepare your investment portfolio to weather downturns with greater resilience. Recession-proofing doesn’t mean avoiding risk entirely. It means managing it wisely. By… Read Now >>
