As a self-employed professional—whether you’re a realtor, contractor, or other 1099 worker—you have powerful tax deduction tools at your disposal. Two of the most valuable are the home office deduction and the mileage deduction. While the One Big Beautiful Bill (OBBB)...
At Molen & Associates, we’ve been guiding clients through tax law changes since 1980, and we can say with confidence: the One Big Beautiful Bill (OBBB) has reshaped the landscape for business deductions. One of the most impactful updates? The enhanced Section 179...
The Qualified Business Income (QBI) deduction, introduced in the 2017 Tax Cuts and Jobs Act, allowed many small business owners, sole proprietors, and pass-through entity members to deduct up to 20% of their qualified business income on their personal tax returns....
At Molen & Associates, we’ve been helping clients navigate the ever-changing tax code since 1980. With the passing of the One Big Beautiful Bill (OBBB), we’re looking at one of the most significant tax updates since the Tax Cuts and Jobs Act of 2017. While...
On July 1, 2025, the U.S. Senate passed one of the most significant tax reform bills in recent history: the One Big Beautiful Bill (OBBB). With the House expected to approve the final version shortly and a presidential signature likely to follow, this sweeping...
Big Beautiful Bill Act Changes Your Taxes If you’re a taxpayer, business owner, or financial advisor, the “One Big Beautiful Bill Act” (OBBB) could impact your tax strategy in major ways. Passed by the House of Representatives in May 2025, this sweeping tax reform...
