Taxes December 17, 2025
Trump Announces $1,776 ‘Warrior Dividend’ Bonuses for Active Military and Some Reserves
The "Warrior Dividend" President Donald Trump announced Dec. 17 is $1,776 and will be sent to service members before Christmas.
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.
Taxes November 11, 2025
Chicago Alderman Yells at Gov. JB Pritzker Over Opposition to Mayor’s Head Tax Plan
Southwest Side Alderman Byron Sigcho-Lopez stopped Pritzker after a Veterans Day ceremony on Tuesday, demanding the Illinois governor explain how he would “tax the rich.”
Technology November 11, 2025
Sovi AI Now Automates Product Tax Code Classification, Sovos Says
Tax compliance solutions provider Sovos announced Nov. 11 that its Sovi AI Tax Compliance Cloud platform has expanded to include product tax code classifications for sales and use tax and data mapping.
Taxes November 11, 2025
Shutdown Deal Leaves Popular Obamacare Tax Credits on Shaky Ground
Expiring Affordable Care Act subsidies face an uphill battle for renewal as Democrats try to find enough Republicans to back an extension.
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.
Taxes November 11, 2025
Smarter Tax Breaks for Homeowners, Young and Old
Instead of across-the-board property tax cuts, targeted state and federal incentives for younger first-time home buyers and older would-be sellers could begin to break the logjam in the housing market.
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!
Special Section: Guide to 2025 Tax Changes November 10, 2025
Lock Up Home Energy Credits Before 2026 – OBBBA Tax Law Changes
The OBBBA shuts the door completely on the Energy Efficient Home Credit for property placed in service after 2025, and the Residential Clean Energy Credit for expenses incurred after 2025.
Taxes November 10, 2025
High Stakes for Chicago Mayor Brandon Johnson’s Progressive Agenda in Head Tax Push
Having already failed to deliver other key tenets of his ambitious tax-the-rich wish list, the head tax is a watershed moment for Johnson and his allies.