A tax break that served as a lifeline and springboard for small businesses throughout the last eight years is set to expire at the end of 2025, potentially placing a larger burden on locally owned ...
Senate Republicans will soon debate trillions of tax breaks approved by House lawmakers, including a bigger deduction for small business owners, contractors, freelancers and gig economy workers.
SALT deduction cap temporarily raised from $10,000 to $40,000. PTETs allow businesses to bypass federal deduction limits. OBBBA permanently instates the 20% qualified business income deduction. Tax ...
President Donald Trump's promise to stop taxing tipped wages got closer to reality Monday, giving Americans who work in some tipped jobs a temporary new tax ...
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Effective July 4, 2025, the One Big Beautiful Bill Act introduced sweeping tax reforms that offered major advantages for small businesses, particularly those in manufacturing or in high cost of goods ...
The One Big Beautiful Bill (OBBB) maintains the current seven tax brackets and makes several 2017 tax cuts permanent. New deductions include those for tip income, overtime pay, charitable donations ...
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