Starting in 2025, the One Big Beautiful Bill Act (OBBBA) increases and makes permanent the larger standard deductions introduced by the Tax Cuts and Jobs Act.

If you deduct mortgage interest, the One Big Beautiful Bill Act (OBBBA) brings some important updates.

Are you at risk of paying the alternative minimum tax (AMT)? You might be—especially starting in 2026, thanks to recent changes under the One Big Beautiful Bill Act (OBBBA).

Thanks to the One Big Beautiful Bill Act (OBBBA), beginning with payments made in 2026, you file Form 1099-NEC if you pay an independent contractor $2,000 or more during the year. Starting in 2027, this amount will be adjusted annually for inflation in $100 increments.

The “hire your child” tax strategy is even more attractive starting in 2025.

You may deduct up to 100 percent of the vehicle’s fair market value for a business vehicle.

If the $10,000 cap on state and local tax (SALT) deductions limits your write-offs, here’s good news: the One Big Beautiful Bill Act (OBBBA) temporarily increases the cap starting in 2025.

Currently, taxpayers who take the standard deduction (i.e., don’t itemize) generally cannot deduct charitable contributions. That will change in 2026.

If you plan to buy equipment, furniture, computers, or other personal property for your business, the One Big Beautiful Bill Act (OBBBA) delivers great news. You can now deduct the full cost of such property in a single year—without limit.

Did you receive a Form 1099-NEC that overstates your income? You’re not alone—and it could mean you’re paying more taxes than you owe.

If you’ve been considering solar panels—or other renewable energy upgrades for your home—now is your last chance to take full advantage of the 30% Residential Clean Energy Credit.

Conventions and seminars can be a great way to sharpen your skills, network, and grow your business—but when it comes to tax deductions, not all events are created equal.

If you’ve used your personal vehicle for business—whether you’re a sole proprietor or you received mileage reimbursement from your S or C corporation—there may be a valuable tax deduction waiting for you.

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