Navigating New Charitable Contribution Limitations Under the OBBBAThe tax landscape for charitable giving has undergone significant shifts following the enactment of the One Big Beautiful Bill Act (OBBBA). Effective for tax years beginning after December 31, 2025, these changes introduce new "floors" for deductions that both corporate and individual taxpayers must navigate. As we move [...]

The Qualified Opportunity Zone (QOZ) program offers tax incentives to encourage investment in designated low-income communities throughout the United States. Legislation enacted last year made the program permanent while introducing several significant changes that affect investors participating under both the original and the updated rules. As the Treasury Department and IRS work toward issuing proposed [...]

The One Big Beautiful Bill Act (OBBBA) creates a new type of tax-advantaged account for eligible children. Section 530A accounts, also known as “Trump accounts,” can be established for children under age 18 who have a Social Security Number (SSN). Contributions to properly established accounts can begin on July 4, 2026. The IRS has released guidance that sheds more [...]

Now is the time of year when taxpayers search for last-minute moves to reduce their federal income tax liability. Adding to the complexity this year is the One Big Beautiful Bill Act (OBBBA), which significantly changes various tax laws. Here are some of the measures you can take now to reduce your 2025 taxes in [...]

The One Big Beautiful Bill Act (OBBBA) shifts the landscape for year-end tax planning. The law has significant implications for some of the most tried-and-true tax-reduction measures. It also creates new opportunities for businesses to reduce their 2025 tax liability before December 31. Here are potentially some of the most beneficial ones. Investments in capital assets [...]