Taxes September 11, 2025
2025 Child Tax Credit – New Changes Coming Under Trump Tax Law
The CTC is now bigger and better—permanently. The new also retains a special tax credit for non-child dependents.
Taxes September 11, 2025
Teacher Tax Credit Changes Under 2025 Trump Tax Law – OBBBA
The deduction isn’t just for teachers (although they are the most common benefactors). It may also be claimed by someone who works as an instructor, counselor, principal, or aide for students in K-12.
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.
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.
Taxes September 2, 2025
A Raw Deal for Gambling Loss Deductions (OBBBA)
Under the OBBBA, only 90% of gambling losses will be deductible, beginning in 2026. The other 10% is gone forever. What’s more, the overall limit on gambling losses up to the amount of gambling winnings remains in place.
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.
Special Section: Guide to 2025 Tax Changes August 27, 2025
Secure the Best Deductions for Mortgage Interest Payments Under the New Tax Law (OBBBA)
The new “One Big Beautiful Bill Act” (OBBBA) extends some mortgage interest deduction cutbacks permanently, but it extends an olive branch to taxpayers.
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.