Taxes November 12, 2025
In 2026, leading finance organizations will operate more like analytics consultancies, using real-time tax, margin, and compliance data to guide daily decisions.
OBBBA Tax Act November 12, 2025
Planning is even more important this year, ahead of the adoption of tax law changes effective this year and next.
Taxes November 12, 2025
The guide breaks down how the OBBBA is reshaping the tax landscape and offers practical strategies for preparing for 2026 and beyond.
Taxes November 12, 2025
Mayor Brandon Johnson’s team has been floating a change to his corporate head tax proposal that would increase the minimum size of companies affected from 100 to 200 employees.
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
The OBBBA increases the contribution limit for dependent care expenses to $7,500, beginning in 2026. This gives participating employees more leeway as dependent care costs continue to escalate.
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.
Taxes November 11, 2025
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
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
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
The deduction for miscellaneous expenses—including unreimbursed employee business expenses and production-of-income expenses—was not revived.
Taxes November 11, 2025
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.