Tag Archive for: one big beautiful bill act

How New Tax Laws Might Help You Keep More Money In Your Paycheck This Year

The “One Big, Beautiful Bill” introduced several new tax breaks and expanded others, which will likely lower 2025 tax bills or increase refunds for many taxpayers. Because of this, some people may want to adjust the amount they have withheld from their final paychecks of the year.

How The ‘One Big Beautiful Act’ Changes The Business Interest Expense Limitation

Given the significant role of debt financing in real estate ventures, understanding and planning around these updates is essential to maximize tax efficiency.

Workers In 68 Jobs May Soon Be Exempt from Paying Taxes On Tips — Including Some Unexpected Ones

According to the White House, the new 'No Tax On Tips' provision could save eligible workers around $1,300 per year. However, the value of the tax break may be limited depending on income, tip levels, and the nature of the job — particularly for those in roles not commonly associated with receiving tips.

Important IRS Update To The $7,500 EV Tax Credit Deadline

This adjustment will significantly ease pressure on buyers, manufacturers, and dealers by allowing more time for vehicle deliveries.

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.”