Carry Learning Center

The Oregon Senate passed legislation Monday that would reclaim approximately $311 million in state revenue by disconnecting from three federal tax breaks included in H.R. 1, the spending package Congress approved in July 2025. Senate Bill 1507 eliminates state-level benefits for car loan interest deductions, accelerated business equipment depreciation, and qualified small business stock gains [...]

The Washington Senate approved legislation Monday that would impose a 9.9 percent tax on household income exceeding $1 million, a measure projected to generate $3.7 billion annually while affecting less than 1 percent of state residents. Senate Bill 6346 passed on a 27-22 vote and now moves to the House of Representatives for consideration before [...]

Your workday is a blur of emergency leaks, clogged drains, and late night calls, but the biggest mess may be hiding in your tax bill. Many plumbers leave thousands of dollars in potential savings on the table every year because they skip easy write offs or delay saving for retirement.  In 2026, your vehicle, tools, supplies, [...]

The U.S. Senate voted Thursday to overturn District of Columbia legislation that separated the city’s local tax code from federal changes, a move that could require tens of thousands of residents and hundreds of businesses to amend their 2026 District tax returns and could reduce District revenue by more than $600 million. Over 42,000 individuals and [...]

Long days on the job and unpredictable work often make taxes and retirement planning easy to push aside. Yet every invoice you send, tools you buy, and miles you drive has potential tax consequences. The small choices you make now can shape how comfortably you live once you hang up your tools.  Electricians work in many [...]

Tax planning can feel unpredictable when your income rises and falls throughout the year. A busy stretch of freelance work, seasonal commissions, or a growing side business may leave you unsure about how much to send in quarterly payments. Guess too low and you may face penalties. Send in too much and you tie up [...]

Many self-employed professionals and business owners track revenue and expenses closely but still feel uncertain when it is time to estimate taxes.  Several rules influence your actual taxable income, and one of the most important is the qualified business income deduction under Section 199A. This deduction may reduce up to 20% of certain business income, yet [...]

Understanding how W-2 wages affect your Qualified Business Income (QBI) deduction can make a meaningful difference for business owners with higher taxable income. The IRS uses these wages to determine how much of the 20% deduction you may potentially claim, but the calculation process can be confusing at first glance. This guide simplifies the concept, explaining [...]

Running a small business or earning income through a partnership or S-Corp can come with unique tax advantages.  One of the most valuable is the Qualified Business Income (QBI) deduction, designed to reward business owners for their investment and risk. But understanding how this deduction works is not always straightforward, especially when it comes to the [...]