Tag: Emerging Regulations

A new type of tax advantaged account for eligible children has been created under the One Big Beautiful Bill Act (OBBBA). Known as “Trump Accounts,” Section 530A accounts can be

The One Big Beautiful Bill Act (OBBBA) allows new income tax deductions from 2025 through 2028 for qualified cash tips and overtime pay. If this applies to you, you may

The IRS has issued its 2026 inflation adjusted retirement plan contribution limits with Notice 2025-67. Most retirement plan related limits are set to increase for 2026, though the changes are

The One Big Beautiful Bill Act (OBBBA) has significant implications for the most tried and true tax reduction measures and has shifted the landscape for year-end tax planning. A big

As year-end approaches, many taxpayers seek last-minute opportunities to reduce their federal income tax liability. This year, tax planning is further complicated by the recently enacted One Big Beautiful Bill

Recently, for more than 60 tax provisions, the IRS issued its 2026 cost-of-living adjustments. The Tax Cuts and Jobs Act (TCJA) has undergone many permanent or amended changes to several

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