When investors sell stocks or mutual fund shares, calculating the gain or loss for tax purposes is simply the difference between the sale price and the cost basis. In practice, however, it can get complicated. That’s because many people buy multiple shares of the same investments over time at different prices. This article explains the ins and outs of gain and loss calculations and how the tax implications can differ depending on the circumstances. A sidebar explains the potential usefulness of customized basis approaches to help achieve tax objectives.

For manufacturers planning to build new facilities or expand their existing plants, last year’s One Big Beautiful Bill Act introduced a powerful new tax incentive. This article explains that over the next several years, manufacturers may immediately expense the cost of constructing — or, in some cases, acquiring — qualified production property (QPP). It notes that the QPP deduction allows manufacturers to deduct up front the cost of real property that would otherwise be depreciable over 39 years.

Individuals who would like to benefit their favorite charities while creating an income stream for themselves or a loved one may want to consider incorporating a charitable remainder trust (CRT) into their estate plans. A CRT is an irrevocable trust to which you contribute stock or other assets. This article explains how a CRT can reduce the size of a taxable estate and provide a charitable income tax deduction.

This brief summary of recent developments in tax law discusses the easing of an administrative reporting burden for businesses and explains that “designated beneficiaries” who have inherited traditional IRA accounts typically must withdraw the inherited IRA’s assets annually under an IRS formula. It also notes that beginning in 2026, more people will be eligible to benefit from Achieving a Better Life Experience (ABLE) accounts.