If you’ve been thinking about making energy-efficient upgrades to your home, the clock is ticking. Under current law, as updated by the One Big Beautiful Bill Act (OBBBA), homeowners can claim up to $3,200 in tax credits for 2025 but only if the improvements are placed in service by December 31, 2025. That means installed […]
Your Last Chance for Energy-Efficient Home Improvement Tax Credits in 2025 Read More »
The alternative minimum tax (AMT) is one of those tax rules that most people don’t think about until it suddenly applies to them. For years, many taxpayers avoided it thanks to the higher exemption thresholds created by the Tax Cuts and Jobs Act (TCJA). But starting in 2026, the One Big Beautiful Bill Act (OBBBA)
Are You at Risk of the Alternative Minimum Tax in 2026? Read More »
If you’re filing taxes in 2025, there’s some great news you don’t want to miss. The One Big Beautiful Bill Act (OBBBA) just made one of the most popular tax breaks, the standard deduction not only larger but also permanent. For millions of Americans, this change could mean simpler tax filings, fewer headaches with itemizing,
Bigger Standard Deductions Are Here to Stay Read More »
If you currently own a home or plan to buy one soon, the One Big Beautiful Bill Act (OBBBA) is set to shake up a few important parts of homeownership tax benefits. One of the biggest areas getting attention is the mortgage interest deduction. These changes officially kick in starting in 2026, and while that
New Mortgage Interest Deduction Rules You Need to Know Read More »
If you regularly give to charity or are planning to there are some big changes coming that could affect your taxes. The One Big Beautiful Bill Act (OBBBA) introduces new rules starting in 2026, and depending on your situation, they might help you… or they might shrink the tax benefits you’re used to. Let’s break
2026 Brings New Rules for Writing Off Your Donations Read More »
If you’ve ever felt frustrated by the $10,000 cap on state and local tax (SALT) deductions, you’re not alone. For years, that cap has been a thorn in the side of homeowners and taxpayers in high-tax states. But starting in 2025, there’s finally some breathing room. Thanks to the One Big Beautiful Bill Act (OBBBA),
The SALT Cap Just Got a Big (Temporary) Upgrade Read More »
If you’ll be age 65 or older by December 31, 2025, there’s a brand-new reason to celebrate besides your birthday. The recently passed One Big Beautiful Bill Act (OBBBA) created a powerful new bonus deduction designed specifically for seniors. Starting with the 2025 tax year, qualifying taxpayers can claim an extra deduction of up to
Turning 65 in 2025? Here’s How the New OBBBA Deduction Could Save You Thousands Read More »
If gambling is part of your lifestyle or even your profession — Congress just changed the rules, and it’s not in your favor. The recently passed One Big Beautiful Bill Act (OBBBA) introduces a new limitation beginning in 2026: gamblers will be allowed to deduct only 90% of their losses against their winnings. The remaining
Do You Like to Gamble? Congress Has Some Bad News Read More »
The One Big Beautiful Bill Act (OBBBA) has completely reshaped the tax landscape for small businesses. With more than two dozen significant changes covering everything from 100% bonus depreciation to qualified opportunity zones, it’s no wonder business owners and advisors are feeling overwhelmed. That’s where the OBBBA Biz Grid comes in. We built this three-page,
Why Every Small Business Owner Needs the OBBBA Biz Grid on Their Desktop Read More »
If you’re planning to invest in new equipment, computers, furniture, or other property for your business, the One Big Beautiful Bill Act (OBBBA) brings some very welcome news: you can now deduct the entire cost of those purchases in a single year without limit. And if you’re a manufacturer, it gets even better. The OBBBA
The IRS Just Made the Biggest Deduction Change in Decades Read More »
