With the right strategies in place, it is possible to maximize the deduction and lock in significant, recurring savings.

The bill that the House of Representatives passed early Thursday morning in a nail-biting 215-to-214 vote—a wide-ranging domestic policy package called the One Big Beautiful Bill—could have ...

A tax break that served as a lifeline and springboard for small businesses throughout the last eight years is set to expire at the end of 2025, potentially placing a larger burden on locally owned ...

The One Big Beautiful Bill (OBBB) maintains the current seven tax brackets and makes several 2017 tax cuts permanent. New deductions include those for tip income, overtime pay, charitable donations ...

Brex reports LLC owners can reduce taxable income through 16 deductible expenses. Proper tracking prevents missed deductions ...

As the House Republicans pass President Donald Trump’s sweeping tax bill, businesses may face drastic changes if approved by the Senate. The House GOP’s ‘One Big Beautiful Bill Act’ would raise the ...

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A version of this article originally appeared on eidebailly.com. On July 4, 2024, President Trump signed into law major tax legislation that will materially affect both individuals and businesses.

When it comes to tax planning, timing can be everything, especially with major changes on the horizon. President Donald Trump’s recent signing of the “One Big Beautiful Bill” (OBBB) into law will ...

SALT deduction cap temporarily raised from $10,000 to $40,000. PTETs allow businesses to bypass federal deduction limits. OBBBA permanently instates the 20% qualified business income deduction. Tax ...