Below are details of many of the tax provisions in the act commonly known as the One Big Beautiful Bill Act, which was signed into law Friday by President Donald Trump. The House approved the measure ...
Tax season isn’t even close, but now is the time to start planning to take advantage of new provisions in the massive tax and spending bill that became law earlier in July, experts say. “Everyday ...
The One Big Beautiful Bill Act has supersized the standard deduction for seniors. Starting with 2025 federal returns (filed in 2026), taxpayers 65 and older can claim up to $6,000 in addition to the ...
The IRS released new guidance for no tax on tips and overtime deductions under the One Big Beautiful Bill Act. Eligible ...
The One Big Beautiful Bill Act (OBBBA) is a massive re-write of the federal tax code. The legislation offers several new credits and deductions that could potentially lower your tax bill in the year ...
President Donald Trump’s One Big Beautiful Bill Act, which was recently signed into law, offers Americans a number of tax benefits. It makes many of the changes from the Tax Cuts and Jobs Act (TCJA) ...
In this fourth installment of my multi-part series on the One Big Beautiful Bill Act (the “Act”), Steve Nofziger and I discuss a provision of the Act that impacts pass-through business entities and ...
The House of Representatives’ One Big Beautiful Bill Act would make most of the tax cuts from President Trump’s first term permanent. However, critical expensing provisions, which ensure that ...
A new $6,000 senior tax deduction in Trump's new tax bill, the One Big Beautiful Bill, starts in tax year 2025, offering ...
One of the thorniest points emerging in President Donald Trump's massive tax and spending bill is the state and local tax deduction, also known as SALT. In the "big beautiful bill," there is a ...
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