The One Big Beautiful Bill Act (OBBBA) significantly reshapes the estate planning landscape by permanently increasing the lifetime gift and estate tax exclusion to $15 million per individual or $30…
New Tax Deduction for Seniors
The One Big Beautiful Bill Act (OBBBA) introduces a new tax deduction for senior taxpayers. Beginning with tax year 2025, if you are 65 years old or older, you can…
Unlocking Opportunities for Domestic Manufacturers
The One Big Beautiful Bill Act (OBBBA) introduces a transformative opportunity for domestic manufacturers by establishing a new category of real estate investments known as Qualified Production Property (QPP), which…
State and Local Tax Planning Opportunities
Now that the One Big Beautiful Bill Act (OBBBA) is law, you have several opportunities to review your state and local tax (SALT) plans with your advisor and make adjustments…
Changes to Incentives for Charitable Deductions
The One Big Beautiful Bill Act (OBBBA) introduces a new federal tax credit that permits taxpayers to claim up to $1,700 per taxpayer annually for donations to Scholarship Granting Organizations…
