The One Big Beautiful Bill (OBBB) has reshaped the tax landscape for individuals, families, and business owners. While many changes take effect in 2025, there are key moves you can make before year-end to set yourself up for maximum tax savings next year. At Molen...
The One Big Beautiful Bill (OBBB) brings some of the biggest tax law updates since the Tax Cuts and Jobs Act of 2017—but not everything is different. While the headlines focus on new deductions, higher thresholds, and expanded credits, many important rules and...
The One Big Beautiful Bill (OBBB) enhances the flexibility of 529 college savings plans, making them more versatile than ever. Traditionally, 529s have been used for qualified education expenses, but under the new rules, you now have more ways to use these funds...
If you live in a high-tax state or own property with substantial property taxes, the One Big Beautiful Bill (OBBB) delivers a major change: a temporary increase to the state and local tax (SALT) deduction cap. This provision can provide thousands in additional...
The One Big Beautiful Bill (OBBB) rolls back a major change in IRS reporting rules for payment apps and other third-party settlement networks—such as PayPal, Venmo, Cash App, eBay, and Etsy—making tax reporting less burdensome for many taxpayers. If you’ve been...
The One Big Beautiful Bill (OBBB) includes a unique, temporary provision that could put more money directly into the pockets of workers in industries that rely heavily on tips and overtime pay. If you work in restaurants, hospitality, healthcare, retail, or other...
