Focus: Charitable Contribution Deductions On July 4, 2025 President Donald J. Trump signed into law H.R.1 - One Big Beautiful Bill Act (“OBBBA”). OBBBA contains hundreds of provisions including permanently extending the individual tax rates Trump signed into law...
The prime benefits of reclassifying cannabis from a Schedule I substance to a Schedule III substance is that the Federal government would recognize medical benefits of cannabis, make Section 280E inapplicable to licensed cannabis operators, and open up financial and...
On June 12, 2025, the Senate confirmed President Donald Trump's nomination of former U.S. Rep. Billy Long of Missouri to be Internal Revenue Service commissioner, clearing the path for him to begin a term that will end in November 2027; but that service ended on...
Focus: Casualty and Business Losses Deduction On July 4, 2025 President Donald J. Trump signed into law H.R.1 - One Big Beautiful Bill Act (“OBBBA”). OBBBA contains hundreds of provisions including permanently extending the individual tax rates Trump signed into...
Focus: Interest on Car Loans Deduction On July 4, 2025 President Donald J. Trump signed into law H.R.1 - One Big Beautiful Bill Act (“OBBBA”). OBBBA contains hundreds of provisions including permanently extending the individual tax rates Trump signed into law in...
Focus: Gambling Losses On July 4, 2025 President Donald J. Trump signed into law H.R.1 - One Big Beautiful Bill Act (“OBBBA”). OBBBA contains hundreds of provisions including permanently extending the individual tax rates Trump signed into law in 2017, which were...
Focus: Taxability Of Social Security Benefits and Tax Deduction For Seniors On July 4, 2025 President Donald J. Trump signed into law H.R.1 - One Big Beautiful Bill Act (“OBBBA”). OBBBA contains hundreds of provisions including permanently extending the individual...
Focus: Deduction For Tips and Overtime Earnings From Income Tax On July 4, 2025 President Donald J. Trump signed into law H.R.1 - One Big Beautiful Bill Act (“OBBBA”). OBBBA contains hundreds of provisions including permanently extending the individual tax rates...
Focus: Getting The Most Of The Increase In Deduction For State And Local Taxes On July 4, 2025 President Donald J. Trump signed into law H.R.1 - One Big Beautiful Bill Act (“OBBBA”). OBBBA contains hundreds of provisions including permanently extending the individual...
On June 12, 2025, the Senate confirmed President Donald Trump's nomination of former U.S. Rep. Billy Long of Missouri to be Internal Revenue Service commissioner, clearing the path for him to begin a term that will end in November 2027. While the waiting for the...
