At Molen & Associates, we’re committed to helping retirees and older taxpayers navigate the new tax changes introduced by the One Big Beautiful Bill (OBBB) Know About the New $6,000 Senior Deduction. One of the most impactful updates is the new bonus deduction for...
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....
