Tag: OBBBA

gambling losses

OBBBA Cheats Gamblers—Taxes Fictional Income

Do you like to gamble? If so, Congress has some bad news

Qualified Small Business Stock

OBBBA Enhances Tax Breaks for Qualified Small Business Stock

Do you own stock in a high-growth small business? Or are you

itemized deductions

OBBBA: How Itemizers Can Win

The One Big Beautiful Bill Act includes several permanent changes that directly

overtime deduction

OBBBA: No Tax on Overtime? Not Really, but We’ll Take It!

Do you regularly earn overtime pay? If so, the One Big Beautiful

bonus depreciation

OBBBA Restores and Creates New 100 Percent Deductions for You Now

If you plan to buy equipment, furniture, computers, or other personal property

1099 filing rules

OBBBA’s New 1099 Filing Rules

Do you contribute to charitable organizations? If so, recent legislation—the OBBBA—includes significant

charitable giving

OBBBA Charitable Giving Shake-Up: Winners and Losers

Do you contribute to charitable organizations? If so, recent legislation—the OBBBA—includes significant

Employing children

The OBBBA Increases the Tax Benefits of Employing Your Child

If you own a business and have children, the OBBBA just made

SALT deductions

OBBBA Enhances Your SALT Deductions

If the $10,000 cap on state and local tax (SALT) deductions limits

senior tax deduction

OBBBA Adds a Possible Senior Tax Deduction (Ages 65 and Older)

If you will be age 65 or older on December 31, 2025,