Abacus - Transportation Division

Self-employed? Your health insurance may be deductible—but only if it’s set up correctly. Small details like how the policy is titled and paid can determine whether you qualify.

Take a quick look at the key rules to make sure you don’t miss out.⤵️

Self-Employed Health Insurance: What You Need to Know - Abacus Trucking If you are self-employed, the self-employed health insurance deduction can help lower your taxable income—but only if it is set up correctly from the start. One of the most important steps is making sure the insurance policy is in the correct name. If your business does not have a separate legal n...

Wishing you and your loved ones a joyful and hope-filled Resurrection Sunday. May this day remind us of new beginnings, unwavering faith, and the power of grace. Happy Easter from all of us at Abacus!

Starting in 2026, new federal rules will change how gambling losses are deducted. Learn how this update could affect your taxes in our latest Better Guidance blog. ⤵️

Major Tax Change: Gambling Loss Deductions Starting in 2026 - Abacus Trucking Effective for tax years beginning January 1, 2026, a new federal law—the One Big Beautiful Bill Act (OBBBA)—changes how gambling losses can be deducted. This update may increase taxes for both casual and professional gamblers, even if your activity breaks even or results in a net loss. What is C...