Special Section: Guide to 2025 Tax Changes November 12, 2025
The OBBBA increases the contribution limit for dependent care expenses to $7,500, beginning in 2026. This gives participating employees more leeway as dependent care costs continue to escalate.
OBBBA Tax Act November 11, 2025
The CTC is now bigger and better—permanently. The new also retains a special tax credit for non-child dependents.
Special Section: Guide to 2025 Tax Changes November 10, 2025
It must seem like the annual threshold of $600 has been in place forever to long-time payroll managers and CPAs. In fact, it hasn’t budged an inch since 1954!
Special Section: Guide to 2025 Tax Changes November 10, 2025
The OBBBA shuts the door completely on the Energy Efficient Home Credit for property placed in service after 2025, and the Residential Clean Energy Credit for expenses incurred after 2025.
OBBBA Tax Act October 23, 2025
This is one of the most confusing provisions in the tax code and clients are likely to have plenty of questions. Keep them up to date on the latest developments and offer your services, when needed.
Special Section: Guide to 2025 Tax Changes October 22, 2025
The OBBBA restores this tax break for businesses, retroactive to the beginning of 2025. It also adds certain enhancements and transitional rules that may benefit clients.
OBBBA Tax Act October 8, 2025
Employers should consider all the ramifications of the new law changes. They may assess adjustments to its fringe benefits package and the alternative method for claiming the family and medical leave credit.
OBBBA Tax Act October 8, 2025
Now the OBBBA boosts the annual Section 179 deduction limit to $2.5 million for 2025 and makes it permanent. Plus, the phase-out threshold jumps to $4 million.
Special Section: Guide to 2025 Tax Changes September 24, 2025
The One Big Beautiful Bill Act (OBBBA) authorizes a new tax deduction for auto loan interest, beginning in 2025 and ending after 2028.
Taxes September 23, 2025
The new tax law—the One Big Beautiful Bill Act—creates a limited tax deduction for tips received by workers, starting in 2025. However, this new tax break is only temporary.
Payroll September 18, 2025
Under the One Big Beautiful Bill Act (OBBBA), employees can deduct overtime pay in certain situations—no questions asked.
Taxes September 17, 2025
The new legislation includes a new tax deduction for senior citizens that sweetens the tax pot when they file their personal returns. This new deduction takes effect in 2025 and is scheduled to end after 2028.
