The IRS will phase out most paper refund checks for U.S.-based taxpayers starting September 30, 2025, mandating electronic direct deposits. International taxpayers remain eligible for paper checks mailed abroad, avoiding delays from failed U.S. bank transfers.

Beginning in 2026, the OBBBA introduces a 1% excise tax on certain cross-border remittance transfers funded by cash and similar instruments. Understanding who is subject to the tax, which transfers qualify for exemptions, and how to adjust remittance practices will be key to minimizing exposure.

New limits on wagering loss deductions and the permanent removal of moving expense deductions under the OBBBA are reshaping key areas of tax planning. These changes affect both taxpayers and employers, highlighting the importance of proactive strategies and careful tax planning.

The One Big Beautiful Bill Act (OBBBA) updates charitable giving rules by making the 60% deduction ceiling permanent, introducing a universal deduction for non-itemizers, and adding new incentives for scholarship donations starting in 2026. These changes expand access to tax benefits for donors while encouraging more intentional and strategic charitable giving.

The One Big Beautiful Bill Act (OBBBA) significantly broadens how families can use 529 education savings plans—covering K–12, homeschooling, and career training expenses. These updates give parents and students greater flexibility to align long-term savings with today’s diverse education and career paths.

Updates to the American Opportunity and Lifetime Learning Credits under the OBBBA modernize education-related tax benefits. Increased refund limits, expanded eligibility, and inclusion of digital learning expenses make these credits more inclusive and practical for today’s learners.

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 encourages both smarter financial planning and stronger domestic vehicle production.

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. Understanding these changes can help homeowners make smarter tax planning decisions.