Taxes April 13, 2026
Understanding the Federal R&D Tax Credit
Beginning with the 2025 tax year, the One Big Beautiful Bill Act allows U.S. businesses to fully deduct domestic R&D expenses in the year they are incurred.
Taxes November 17, 2025
Bessent Says Trump’s $2,000 Checks Would Need Congressional Vote
Treasury Secretary Scott Bessent said President Donald Trump’s proposal to send $2,000 “dividend” payments from tariffs to U.S. citizens would require congressional approval.
Special Section: Guide to 2025 Tax Changes November 14, 2025
New Law Boosts ABLE Accounts for Disabled Americans – OBBBA Tax Law Changes
An ABLE account works like the better-known Section 529 account for higher education expenses. After you establish the account and contribute to it, any earnings inside the account are exempt from current tax.
OBBBA Tax Act November 12, 2025
Year-End Tax and Financial Planning Tips from CPAs
Planning is even more important this year, ahead of the adoption of tax law changes effective this year and next.
Special Section: Guide to 2025 Tax Changes November 12, 2025
New Tax Forms for the 2026 Income Tax Filing Season – OBBBA Tax Law Changes
The OBBBA tax changes mean a major impact on 2025 tax returns that must be filed by April 15, 2026. Besides creating new tax forms, the OBBBA requires significant modifications to others.
Special Section: Guide to 2025 Tax Changes November 12, 2025
New Income Tax Rules Enhance Flexible Spending Accounts FSAs – OBBBA Tax Law Changes
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.
Special Section: Guide to 2025 Tax Changes November 12, 2025
New Tax Law ‘Floors’ Charitable Deductions for Corporations – OBBBA Tax Law Changes
If a corporation makes a monetary contribution falling between the 10% ceiling and the 1% floor, the amount “in between” is deductible. Any nondeductible amount above the 10% ceiling may still be carried over for five years.
Special Section: Guide to 2025 Tax Changes November 11, 2025
Five Key Extensions in the New Tax Law – OBBBA Tax Law Changes
The deduction for miscellaneous expenses—including unreimbursed employee business expenses and production-of-income expenses—was not revived.
OBBBA Tax Act November 11, 2025
New Tax Law Gives a Boost to the Child Tax Credit (OBBBA)
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 11, 2025
Changes Coming for Tax Break for Small Business Stock – OBBBA Tax Law Changes
The OBBBA expands the tax benefits for stock issued after July 4, 2025—the date of enactment—for stock that meets revised requirements. The new law contains three key changes of interest to entrepreneurs.
Special Section: Guide to 2025 Tax Changes November 10, 2025
Silver Tax Lining for Disaster Area Victims in the New Tax Law – OBBBA Tax Changes
If a client suffers a personal casualty loss before the end of the year, rush to their tax aid. They may want to speed up tax relief by filing an amended return.
Special Section: Guide to 2025 Tax Changes November 10, 2025
New Tax Law Gives Employers More Leeway on 1099s – OBBBA Tax Law Changes
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!
Taxes November 10, 2025
Treasury Secretary Says Trump’s Proposed $2,000 ‘Dividend’ May Come Via Tax Cuts
Scott Bessent said President Donald Trump’s suggestion that Americans may receive a tariff “dividend” of at least $2,000 could come via the tax cuts passed in his signature economic policy bill earlier this year.