News & Insights
Fueling Affordability: How the OBBBA Helps Car Buyers
Under the OBBBA, taxpayers purchasing new, U.S.-assembled vehicles can deduct up to $10,000 in car loan interest annually from 2025 through 2028. This new provision
Mortgage Interest and Insurance Deductions After OBBBA: Key Changes and Tax Planning Opportunities
The One Big Beautiful Bill Act (OBBBA) permanently sets the mortgage interest deduction limit at $750,000 and expands the deduction to include qualified mortgage insurance.
Basswood Counsel’s First Anniversary | A Message from the Founders
As Basswood Counsel marks its first anniversary, we reflect on a year of growth, collaboration, and deep gratitude—for our clients, our team, and the community
America’s Regulatory Sprint for Crypto Leadership
The U.S. is fast-tracking its crypto regulation under the Trump Administration and SEC Chairman Paul Atkins, moving from enforcement to strategic clarity. With the GENIUS
A Closer Look at the New U.S. Tariffs and Their Global Business Impact
Recent U.S. tariff changes are sending ripples across international markets, prompting businesses to reassess global trade strategies. Learn how these policies affect prices, supply chains,
Trump Accounts Explained: What Families Need to Know
Trump Accounts, introduced under the One Big Beautiful Bill Act, provide families with a new savings tool that combines tax benefits and long-term planning opportunities.
Making Child Care More Affordable: What the One Big Beautiful Bill Means for Families at Home and Abroad
Reforms introduced under the OBBBA include permanent increases, expanded eligibility, and higher credit rates to help offset rising childcare costs. U.S. families abroad may also
Powering Down: EV and Clean Energy Credits Set to Expire
Several key credits — including EV, residential solar, and energy-efficient home improvements — will now expire as early as 2025. While some incentives like the
Navigating the One Big Beautiful Bill Act: Key Tax Updates for Individuals
Lower rates, higher deductions, and revised itemized rules are among the significant changes for individual taxpayers under the One Big Beautiful Bill Act (OBBBA), signed