The key provisions of the One Big Beautiful Bill Act could affect your tax planning strategy. While a few changes may increase tax liability for some, the overall impact is likely positive for many businesses.
https://www.fastforwardaccounting.net/wp-content/uploads/2025/08/shutterstock_338563583-2.jpg345845ADMINhttps://dev.fastforwardaccounting.net/wp-content/uploads/2023/03/Fast-Forward-Accounting-Solutions-Logo-Web.pngADMIN2025-08-25 18:31:132025-08-25 18:48:42One Big Beautiful Bill Extends Many Business-Friendly Tax Provisions
Starting in 2026, thanks to a provision buried in the recently passed One Big Beautiful Bill Act, the amount of gambling losses you can deduct caps at 90%, down from the previous 100%. That means you could be taxed on income you never actually profited from — what critics are calling a “phantom tax.”
https://www.fastforwardaccounting.net/wp-content/uploads/2025/08/shutterstock_4075067382.jpg345845ADMINhttps://dev.fastforwardaccounting.net/wp-content/uploads/2023/03/Fast-Forward-Accounting-Solutions-Logo-Web.pngADMIN2025-08-18 20:01:452025-08-18 20:01:45New Gambling ‘Phantom Taxes’ Start In 2026 – What This Means For Your Winnings And Tax Burden
New provisions in the recently signed tax and spending law significantly expand HSA eligibility. The law allows more Affordable Care Act insurance plans, Direct Primary Care arrangements, and plans with telehealth coverage to qualify for HSA use—potentially opening the door for tens of millions of additional users.
Thanks to recent legislation, especially the One Big Beautiful Bill Act, 529 funds can support a much broader range of education and career paths—reflecting how Gen Z is redefining learning and work.
https://www.fastforwardaccounting.net/wp-content/uploads/2025/08/shutterstock_594230048-2.jpg345845ADMINhttps://dev.fastforwardaccounting.net/wp-content/uploads/2023/03/Fast-Forward-Accounting-Solutions-Logo-Web.pngADMIN2025-08-04 19:12:102025-08-04 19:12:10New 529 Plan Rules Let Gen Z Fund Careers—Not Just College
If you want to get the most out of your charitable giving, now is the time to start planning. The new tax rules set to take effect in 2026 could increase, decrease, or complicate your deductions depending on your situation.
https://www.fastforwardaccounting.net/wp-content/uploads/2025/07/shutterstock_1121973035-2.jpg345845ADMINhttps://dev.fastforwardaccounting.net/wp-content/uploads/2023/03/Fast-Forward-Accounting-Solutions-Logo-Web.pngADMIN2025-07-28 20:08:022025-07-28 20:08:02New Charitable Giving Tax Rules Coming In 2026: What Donors Should Know
One Big Beautiful Bill Extends Many Business-Friendly Tax Provisions
The key provisions of the One Big Beautiful Bill Act could affect your tax planning strategy. While a few changes may increase tax liability for some, the overall impact is likely positive for many businesses.
New Gambling ‘Phantom Taxes’ Start In 2026 – What This Means For Your Winnings And Tax Burden
Starting in 2026, thanks to a provision buried in the recently passed One Big Beautiful Bill Act, the amount of gambling losses you can deduct caps at 90%, down from the previous 100%. That means you could be taxed on income you never actually profited from — what critics are calling a “phantom tax.”
A Favorite Savings Tool Of Financial Advisers Gets Better With ‘One Big Beautiful Bill’
New provisions in the recently signed tax and spending law significantly expand HSA eligibility. The law allows more Affordable Care Act insurance plans, Direct Primary Care arrangements, and plans with telehealth coverage to qualify for HSA use—potentially opening the door for tens of millions of additional users.
New 529 Plan Rules Let Gen Z Fund Careers—Not Just College
Thanks to recent legislation, especially the One Big Beautiful Bill Act, 529 funds can support a much broader range of education and career paths—reflecting how Gen Z is redefining learning and work.
New Charitable Giving Tax Rules Coming In 2026: What Donors Should Know
If you want to get the most out of your charitable giving, now is the time to start planning. The new tax rules set to take effect in 2026 could increase, decrease, or complicate your deductions depending on your situation.