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.
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, and tax planning opportunities.
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. Learn how parents, employers, and even charities can contribute, and why this provision may be a valuable addition to your family’s financial strategy.
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 benefit, making childcare more affordable at home and overseas.
Several key credits — including EV, residential solar, and energy-efficient home improvements — will now expire as early as 2025. While some incentives like the Clean Fuel Production Credit are extended, new restrictions and compliance rules mean businesses and consumers must act quickly to maximize benefits.
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 on July 4, 2025. This article outlines the key updates and their implications for future tax planning.
The One Big Beautiful Bill Act introduces significant updates to both the state and local tax (SALT) deduction and the qualified business income (QBI) deduction. Understanding how the expanded SALT cap and permanent QBI deduction apply to individual taxpayer’s situation is essential for effective tax planning.
This article will provide a brief summary of the tax provisions in the OBBBA that impact businesses and will be followed by articles diving deeper into certain business provisions of the OBBBA to provide a more comprehensive overview with planning opportunities.
On July 4, 2025, the “One Big Beautiful Bill” (OBBB) was signed into law, which made permanent several provisions of the 2017 Tax Cuts and Jobs Act (TCJA), while expanding certain tax incentives. From an estate and gift tax perspective, the most significant change is a permanent increase to the estate, gift and generation-skipping transfer (GST) tax exemption amounts.
The One Big Beautiful Bill Act (the “OBBBA”) is landmark legislation passed on July 4, 2025 that has significant implications for individuals. The OBBB is comprehensive tax legislation and includes key changes to individual tax related provisions and incentives. Navigating these changes is complex, but understanding them is essential for effective tax planning.
