JD

OBBBA Tax Act September 3, 2025 

The CTC is now bigger and better—permanently. The new also retains a special tax credit for non-child dependents.

JD, Ken Berry, JD

Taxes September 2, 2025 

Under the OBBBA, only 90% of gambling losses will be deductible, beginning in 2026. The other 10% is gone forever. What’s more, the overall limit on gambling losses up to the amount of gambling winnings remains in place.

JD, Ken Berry, JD

Special Section: Guide to 2025 Tax Changes August 27, 2025 

The new “One Big Beautiful Bill Act” (OBBBA) extends some mortgage interest deduction cutbacks permanently, but it extends an olive branch to taxpayers.

JD, Ken Berry, JD

Taxes August 15, 2025 

For the next few years, the new One Big Beautiful Bill Act (OBBBA) lifts the cap on annual SALT deductions from $10,000 to $40,000, paving the way for more itemizers to claim this write-off.

JD, Ken Berry, JD

Taxes January 23, 2025 

If you’re a frequent or sizable donor to a charitable organization, you may be recognized with membership in a special group or level. However, simply attaining that status and being acknowledged for it does not, on its own, warrant any charitable deduction.

JD, Ken Berry, JD

Taxes March 28, 2024 

Note that a QDRO may be used for qualified plans, like 401(k) or pension plans, but this option isn’t available for IRAs. IRAs are subject to other rules.

JD, Ken Berry, JD