Special Section: Guide to 2025 Tax Changes November 18, 2025
The OBBBA generally enhances the tax benefits available for investments in the Qualified Opportunity Zone (QOZ) program and makes these favorable tax law changes permanent.
Special Section: Guide to 2025 Tax Changes November 14, 2025
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.
Special Section: Guide to 2025 Tax Changes November 12, 2025
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
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
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
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.
OBBBA Tax Act October 23, 2025
This is one of the most confusing provisions in the tax code and clients are likely to have plenty of questions. Keep them up to date on the latest developments and offer your services, when needed.
Taxes October 22, 2025
As the shutdown enters its fourth week, the effects are continuing to cause headaches for tax pros, and increasing worry about the 2026 income tax filing season.
Special Section: Guide to 2025 Tax Changes October 22, 2025
The OBBBA restores this tax break for businesses, retroactive to the beginning of 2025. It also adds certain enhancements and transitional rules that may benefit clients.
Taxes October 21, 2025
The One Big Beautiful Bill Act created Internal Revenue Code sections 224 and 225, which temporarily allow a deduction for taxpayers for qualified tips and qualified overtime compensation.
OBBBA Tax Act October 8, 2025
Employers should consider all the ramifications of the new law changes. They may assess adjustments to its fringe benefits package and the alternative method for claiming the family and medical leave credit.
OBBBA Tax Act October 8, 2025
Now the OBBBA boosts the annual Section 179 deduction limit to $2.5 million for 2025 and makes it permanent. Plus, the phase-out threshold jumps to $4 million.