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...
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...
The One Big Beautiful Bill (OBBB) introduced a variety of tax changes, but one of the more surprising provisions is the new U.S. Auto Loan Interest Deduction. For the first time in years, qualifying taxpayers will be able to deduct interest paid on certain auto...
