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 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 3, 2025
Treasury Department Releases List of 68 Jobs Covered by ‘No Tax on Tips’ Provision of New Tax Bill
The Treasury Department has provided a list of 68 jobs that will be covered by the “no tax on tips” provision in the One Big Beautiful Bill Act.
Taxes September 3, 2025
Confused About Expiring Energy Credits Under the Trump Administration? Ask an ‘Electricity Coach’
The Washington, D.C.-based nonprofit Rewiring America is offering free sessions with trained coaches who can help people navigate federal energy tax incentives before they expire.
OBBBA Tax Act August 28, 2025
Business Interest Limits: Take Advantage of the Expanded Rules
The One Big Beautiful Bill Act greatly expands business interest deduction limits, which is a boon to capital-intensive businesses with significant interest expense — potentially reducing their federal corporate tax liability and enhancing financial flexibility.
IRS August 26, 2025
IRS Unveils 2026 Draft W-2 Form with Trump Tax Law Provisions
The IRS released a draft W-2 form for 2026 on Aug. 15 that takes into account tax provisions in the One Big Beautiful Bill Act for deductions related to tip income and overtime pay.
Taxes August 26, 2025
IRS Issues Fact Sheet on Expiring Clean Energy Tax Incentives
The IRS on Aug. 21 issued a fact sheet containing frequently asked questions about Biden-era clean energy tax credits and deductions soon to expire under the One Big Beautiful Bill Act.
IRS August 25, 2025
Taxpayer Input Sought on Free Tax Filing Options as IRS Direct File Faces Elimination
Taxpayers have through Sept. 5 to fill out a survey that will be presented to Congress, as the Biden-era program that allows taxpayers to file their taxes for free is at risk of being shut down.
Taxes August 24, 2025
Congressmen Push for Tariffs to Help Home-State Companies
Retaliatory tariffs during Trump’s first term prompted domestic turmoil for some key industries in Republican-lean states, including Kentucky bourbon and Wisconsin-based Harley-Davidson motorcycles.
Taxes August 21, 2025
IRS Puts Stricter Energy Tax Credit Guidance on Wind and Solar Projects
New rules may mean revamped project plans and business models to ensure tax credit eligibility.
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.
Taxes August 13, 2025
Nevada Dems Seek Clarification from Treasury Department on ‘No Tax on Tips’ Policy
In a letter, Democratic members of Nevada’s federal delegation urged the Treasury Department to address possible shortfalls of the One Big Beautiful Bill Act's "no tax on tips" provision as it’s implemented.
Taxes August 13, 2025
GOP’s Gambling Tax Change Seen as Threat to States’ Revenues, Legitimate Casinos
Gaming experts assembled by Rep. Dina Titus, D-Nev., for a town hall bemoaned a tax change included in the One Big Beautiful Bill Act, saying it would benefit gaming markets not contributing to states' revenues.