The One Big Beautiful Bill Act (OBBBA), enacted July 4, 2025, introduces significant changes to federal energy tax credits,...
Changes to Energy Credits Under OBBBA
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Above the Line Deduction Summary – Overtime, Tips, Car Interest, and Charity
With the passing of the One Big Beautiful Bill (OBBBA) on July 4th, 2025, many changes have been made that could affect...
Charitable Contributions OBBBA
The One Big Beautiful Bill: Charitable Contribution Deductions With the One Big Beautiful Bill Act (OBBBA) there are...
OBBBA: Opportunity Zone Fund Changes
The Opportunity Zones (OZ) program, created by the Tax Cuts and Jobs Act of 2017, encourages investment in low-income...
Estate & Gift Tax Exemption Permanently Increase
In 2017, the Tax Cuts and Jobs Act temporarily increased the federal estate and gift tax lifetime exemption. This is the...
OBBBA: What’s Changing for Itemized Deductions
As the sunset of the Tax Cuts and Jobs Act (TCJA) of 2017 approaches, the One Big Beautiful Bill Act (OBBBA) of 2025...
1099-K, 1099-NEC, & 1099-MISC Reporting Rule Changes
The One Big Beautiful Bill Act (OBBBA) has made a plethora of changes to the tax law. One of these changes involves how we...
How will the SECURE 2.0 Roth Catch-Up Rule Affect You and Your Employer?
2026 Update and Practical Guidance What Is the SECURE 2.0 Roth Catch-Up Rule? The SECURE 2.0 Act made important changes to...
New IRS Reporting Requirements for Qualified Overtime & Qualified Tips: What Employers Need to Know for 2025–2026
The IRS has released new guidance affecting how employers must track and report certain types of employee compensation,...
A New Chapter
Our time on Sunset Drive and Wilcox Drive has officially come to an end. With all the excitement of the big move to Gray,...
Understanding Gambling Loss Deductions Under the One Big Beautiful Bill Act
Let’s start by reviewing how gambling losses have traditionally been handled. Under prior tax law, gambling losses could...
One Big Beautiful Bill: Trump Accounts
The One Big Beautiful Bill Act (OBBBA) has allowed for the creation of a new tax-deferred savings account for individuals...