Tag Archive for: one big beautiful bill act

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.”

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.