The rules for charitable deductions will change starting in 2026, reducing the tax value of giving for high-income households. If you’re considering major charitable gifts, 2025 offers the last year under the…
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The One Big Beautiful Bill (OBBB) creates a new type of tax-advantaged account for eligible children. Section 530A accounts, also known as “Trump accounts,” can be established for children under age 18…
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The 2025 tax reform legislation, One Big Beautiful Bill (OBBB), introduced important changes that affect how many taxpayers calculate their deductions. One of the most significant updates is the temporary expansion of…
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Beginning in 2026, individuals who itemize deductions and donate to charity will face a new limit on their charitable deductions. And in some cases, they’ll face two new limits. But there’s some…
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The One Big Beautiful Bill (OBBB) creates new income tax deductions for tax years 2025 through 2028 for qualified cash tips and overtime compensation. If you receive tips or overtime…
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The One Big Beautiful Bill (OBBB) shifts the landscape for year-end tax planning. The law has significant implications for some of the most tried-and-true tax-reduction measures. It also creates new…
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