Taxes September 11, 2025
2025 Child Tax Credit – New Changes Coming Under Trump Tax Law
The CTC is now bigger and better—permanently. The new also retains a special tax credit for non-child dependents.
Taxes September 11, 2025
Teacher Tax Credit Changes Under 2025 Trump Tax Law – OBBBA
The deduction isn’t just for teachers (although they are the most common benefactors). It may also be claimed by someone who works as an instructor, counselor, principal, or aide for students in K-12.
Special Section: Guide to 2025 Tax Changes September 11, 2025
Three Education Tax Breaks in the New Tax Rules – OBBBA Tax Law Changes
The new “One Big Beautiful Bill Act” (OBBBA) is enhancing several tax breaks relating to education in addition to increasing family tax credits for raising young children.
Taxes September 9, 2025
Learn All About the New Educator Deduction Under the OBBBA Tax Law Changes
Beginning in 2026, the OBBBA rewrites the rules for the educator expense deduction. Notably, the new law removes the $300 cap, but requires taxpayers to claim the write-off as an itemized deduction.
Taxes September 2, 2025
A Raw Deal for Gambling Loss Deductions (OBBBA)
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.
Special Section: Guide to 2025 Tax Changes August 27, 2025
Secure the Best Deductions for Mortgage Interest Payments Under the New Tax Law (OBBBA)
The new “One Big Beautiful Bill Act” (OBBBA) extends some mortgage interest deduction cutbacks permanently, but it extends an olive branch to taxpayers.
Taxes August 15, 2025
New OBBBA Tax Law Shakes Up SALT Deduction Rules
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.
Special Section: Guide to 2025 Tax Changes August 1, 2025
Trump Tax Law Builds a New Foundation for Taxation – OBBBA Tax Law Changes
Along with the extensions, the OBBBA makes some other technical tweaks that may benefit some individuals in the lower tax brackets. All brackets will continue to be adjusted annually for inflation.
Taxes July 22, 2025
Operation Needed to Claim Net Operating Losses
Prior to the Tax Cuts and Jobs Act (TCJA) NOLs could be carried back two years to offset taxable income before being carried forward for up to 15 years.
Taxes July 10, 2025
The Tax Blotter – OBBBA – July 2025
The new tax law—known as the “One Big Beautiful Bill Act” (OBBBA)—generally extends the current rules for mortgage interest deductions, with certain modifications.
Taxes June 17, 2025
Tax Court Refuses Moving Expense Deduction for Military Contractor
Despite changes from the Tax Cuts and Jobs Act (TCJA), military personnel may still claim a deduction for job-related moving expenses. But simply working for the armed forces doesn’t command a deduction.
Taxes June 10, 2025
Don’t Pass Up Form 8300 Filing Requirements
A company that sells automobiles through an auction house claimed a software glitch outside of its control led to the non-filing of Form 8300. Did the Tax Court give the company a pass?
Contributors
Amy Vetter
CPA, CITP, CGMA
Becky Livingston
Accounting & AI Marketing Consultant
Brian Tankersley
CPA, CITP, CGMA
Garrett Wagner
CPA, CITP, CEO and Founder of C3 Evolution Group
Jim Boomer
CPA, CITP, CEO
Ken Berry, JD
CPA Practice Advisor Tax Correspondent
Kristy Short, Ed.D.
Accounting Content Specialist
Mary Girsch-Bock
Contributing Writer
Randy Johnston
MCS, MCP
Roman Kepczyk
CPA, CITP, CGMA
