The One Big Beautiful Bill Act (OBBBA) introduces several significant changes for taxpayers, including new federal income tax deductions for qualified tips, effective for tax years 2025 through 2028. Some of…
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Tax Deductions for Qualified Tips: Implications for Employers
The One Big Beautiful Bill Act (OBBBA) introduces several significant changes for employers, including new federal income tax deductions for qualified tips, effective for tax years 2025 through 2028. Some of…
Optimizing Your Tax Strategy with Foreign Tax Export Incentives
The One Big Beautiful Bill Act (OBBBA) changes the foreign tax export incentives available for U.S. taxpayers; however, these incentives remain a strong opportunity to optimize your tax strategies. Taxpayers…
Energy Efficiency Incentive
The One Big Beautiful Bill Act (OBBBA) includes several provisions to terminate or phase out deductions and credits related to energy efficiency improvements. This makes the timing of when energy-efficiency…
Key Changes in Depreciation and Section 179
The One Big Beautiful Bill Act (OBBBA) significantly updates how businesses handle depreciation. These changes aim to stimulate economic growth and investment. Among these provisions, the 100% bonus depreciation and…
