Could Your Electricity Bill Be Going Up?
As Congress continues to roll out the One Big Beautiful Bill, new questions are surfacing about how its energy provisions might impact household budgets. A recent report from Energy Innovation points to […]
tax season
The SALT Torpedo: A Hidden Tax Spike for High-Income Earners
President Trump’s new tax law brings sweeping changes, but one of the more complex and potentially costly provisions centers on the SALT deduction, short for State and Local Tax. While the law […]
ACA Premiums Set to Rise in 2026: What the One Big Beautiful Bill Leaves Out
The Affordable Care Act (ACA) is about to get more expensive for millions of Americans and it all comes down to what didn’t make it into the One Big Beautiful Bill. As […]
Nonprofits and Charitable Giving Under the One Big Beautiful Bill
While much of the spotlight has been on individual tax cuts and family deductions, this legislation also makes significant changes for tax-exempt organizations and charitable giving. Let’s break down three areas already […]
Breaking Down the One Big Beautiful Bill: Real Estate Edition
The One Big Beautiful Bill continues to reshape industries across the country, and today we’re looking at one of the biggest winners: real estate. With new permanent tax provisions and incentives, this […]
No Tax on Tips or Overtime? Here’s What the New Law Says
The One Big Beautiful Bill has introduced a major win for many U.S. workers, beginning in 2025, certain tips and overtime pay can be deducted from your federal taxable income. This change, […]
New Car Buyers: A Temporary Tax Deduction You Don’t Want to Miss
The Big Beautiful Bill has introduced a brand-new tax break for certain car buyers: an auto loan interest deduction. Starting with the 2025 tax year, eligible buyers of new, U.S.-assembled vehicles may […]
Seniors Could Save Thousands with This New Tax Deduction in 2025
If you’re 65 or older, there’s a brand-new tax break that could put real money back in your pocket over the next few years—thanks to the One Big Beautiful Bill. It’s called […]
Permanent Tax Code Changes You Need to Know: What the Big Beautiful Bill Locked In
Big news for taxpayers: Several major provisions from the 2017 Tax Cuts and Jobs Act (TCJA) have just been made permanent, thanks to the recently signed Big Beautiful Bill. These changes impact […]
IRS Penalties for Late or Insufficient Tax Payments: What Business Owners Need to Know
Failing to file or pay your taxes on time can result in costly penalties and interest from the IRS—costs that can quickly snowball if left unaddressed. Whether you’re a business owner or […]
2025 IRS 1099 Filing Rules for Business Owners
Each tax season, one question always comes up from business owners: “Do I need to file a 1099 for this vendor?” Even seasoned entrepreneurs find the rules confusing. If you’ve ever been […]
Out-of-Pocket Health Insurance Tax Deduction Misconception
Think your out-of-pocket health expenses are fully tax-deductible? Not so fast! Myth: Every dollar I spend on health insurance reduces my taxes.Reality: You only get a deduction if you itemize and your […]