After months of intense negotiations, on July 4, 2025, the One Big Beautiful Bill (OBBB) was signed into law making various changes to the tax code that impacts estate, gift and income tax planning.
Prior to the OBBB, taxpayers constructing certain energy property could claim a tax credit based on the cost of construction (“Investment Credits”). Specifically, taxpayers could claim an energy ...
As promised, President Donald Trump signed the "One Big Beautiful Bill" July 4. It has been an interesting few weeks tracking proposed changes in both the House and Senate and providing feedback to ...
The 2025 OBBB Act updates key tax rules for condo owners, including higher standard deductions, a $750,000 mortgage interest limit, and a $40,000 SALT cap. Owners should consult tax professionals and ...
While there are still more than three years to go, one of the most consequential acts of President Donald Trump’s second administration will likely be his signing of the One Big Beautiful Bill (OBBB) ...
The One Big Beautiful Bill (OBBB) has ushered in a new era of tax deductions, poised to benefit a wide array of American taxpayers. By introducing 'above the line' deductions, the OBBB allows ...
Americans for Prosperity has launched a campaign to “Spotlight the Real Benefits of the One Big Beautiful Bill Act.” The first stop, on Friday, involved participants of AFP-Ohio who had a message for ...
The GOP’s “One Big Beautiful Bill”, or OBBB, impacts an extremely wide range of tax-related provisions—and will clearly impact every taxpayer in some manner. For families with children, the law ...
Republicans have plenty to tout in their One Big Beautiful Bill (OBBB), including its extension of the 2017 Trump tax cuts, improved border security, and strengthened national defense. . . But the new ...
Editor’s note: Pinion Global’s Keaton Dugan is a new columnist to replace Maxson Irsik. The One Big Beautiful Bill Act, signed into law on July 4, has become a common topic around kitchen tables ...
The One Big Beautiful Bill may have extended the 2018 farm bill, but it also introduced several adjustments that leave producers wondering what comes next. From adjusted gross income qualifications to ...
The TCJA suspended the pre-existing Pease limitation that limited the value of itemized deductions for high income taxpayers. The Pease limitation did not apply to the medical expense deduction, which ...