The One Big Beautiful Bill Act (OBBBA) introduced and made significant updates to business tax provisions. Among the most important for employers and payroll providers are the new requirements for
The One Big Beautiful Bill Act (OBBBA) included many tax provisions, and one in particular under Internal Revenue Code Section 174, reinstated immediate deductions for research and experiment (R&E) expenditures
The One Big Beautiful Bill Act (OBBBA) brings temporary changes to how federal income tax deductions for state and local taxes (SALT) are handled. For taxpayers with substantial SALT expenses,
The federal government has announced a major change that will affect how numerous Americans receive their tax refunds and federal benefit payments. The U.S. Treasury Department, the IRS, and the
For some time, President Trump and the GOP have discussed repealing many of the tax incentives created or enhanced by the Inflation Reduction Act (IRA). With the enactment of the
The One, Big, Beautiful Bill Act (OBBBA) includes, among many other things, numerous provisions that can affect an individual’s taxes. The new law makes some changes to existing tax breaks
The One, Big, Beautiful Bill Act (OBBBA) includes numerous provisions affecting the tax liability of U.S. businesses. Here are several provisions included in the new law that may influence your
On July 4, President Trump signed into law the far-reaching legislation known as the One, Big, Beautiful Bill Act (OBBBA). As promised, the tax portion of the 870-page bill extends
On July 1, the U.S. Senate passed its version of The One, Big, Beautiful Bill (OBBB) by a vote of 51 to 50 with Vice President J.D. Vance casting the
The U.S. House of Representatives passed its sweeping tax and spending bill, dubbed The One, Big, Beautiful Bill Act (OBBBA), by a vote of 215 to 214. The bill includes
