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 September 30, 2025
Marked by Success and Controversy, EV Tax Credit Ends After a 17-Year Run
The $7,500 federal incentive, which had two main iterations over an almost 17-year run, expires after the calendar flips past Tuesday as a result of legislation enacted this year.
Special Section: Guide to 2025 Tax Changes September 24, 2025
Keys to the New Auto Loan Interest Tax Deduction Under the New Tax Law – OBBBA Tax Law Changes
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 19, 2025
IRS, Treasury Release Guidance on ‘No Tax on Tips’ Deduction, Which Occupations Qualify
The Treasury Department and the IRS issued proposed regulations on Sept. 19 that confirm the occupations eligible for the deduction, which excludes any tips received for "illegal activity" and "pornographic activity."
Payroll September 18, 2025
Tax Changes to Overtime Pay Under the One Big Beautiful Bill Tax Act – OBBBA Tax Law Changes
Under the One Big Beautiful Bill Act (OBBBA), employees can deduct overtime pay in certain situations—no questions asked.
Taxes September 17, 2025
New Tax Law Sweetens the Deal for Seniors and Retirement Benefits – OBBBA Tax Law Changes
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.
Taxes September 16, 2025
New Tax Law Means New Horizons for Estate Tax Planning – OBBBA Tax Law Changes
Thanks to the new One Big Beautiful Bill Act (OBBBA), the federal estate tax exemption will hit new heights next year. And what a long, strange trip it’s been.
Taxes September 15, 2025
IRS Provides Glimpse of Schedule 1-A Form for New OBBBA Tax Deductions
Schedule 1-A, "Additional Deductions," for Form 1040 will be used during the 2026 tax season to calculate new deductions for tips, overtime, car loan interest, and senior citizens.
Taxes September 15, 2025
Podcasters and OnlyFans Creators Stand to Win Big Under Trump’s Tax Law
More than a quarter of large U.S.-based influencers—those with at least 100,000 followers—reported earning tips, according to a 2024 study by the Creative Class Group.
Taxes September 12, 2025
New Tax Law Is Mixed Bag for AMT – OBBBA Tax Law Changes
The One Big Beautiful Bill Act (OBBBA) signed into law earlier this year tweaks the alternative minimum tax (AMT) rules for individuals. Overall, the news for taxpayers is “mixed,” beginning in 2026.
Taxes September 11, 2025
New Law Complicates Charitable Gift-Giving – OBBBA Tax Law Changes
For the first time in history, the new law creates a “floor” for deducting charitable donations deductions. At the same time, it opens up deductions to non-itemizers as well as itemizers.
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 10, 2025
Ending Tax Break for Litigation Funders, Other Proposals Cut From OBBBA May Return to Congress
Several legislative initiatives—like tort reform, limiting state regulation of AI, and fixing the PBM (pharmacy benefit manager) system—were left on the cutting-room floor and could be brought back in the months ahead.