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Many of the provisions of the OBBBA benefit businesses, but colleges and universities will take a hit, as will companies in renewable energy.
July 15 -
The president's signature tax law allows a long-standing business deduction for the cost of food provided to employees to expire.
July 14 -
Tax clients are already starting to ask their accountants about the many changes in the massive One Big Beautiful Bill Act passed by Congress last week.
July 10 -
Donor-advised funds are continuing to grow while enjoying substantial tax deductions -- even as many contributions go to other DAFs.
April 7 -
A sizable increase to the current $10,000 limit on SALT write-offs would represent a major victory for a crucial group of swing-district House Republicans.
April 2 -
Uncertainty around sunsetting provisions should have professional athletes planning ahead on their taxes.
October 29 -
The agency will begin three to four dozen new audits this spring to see if inappropriate deductions were made.
February 22 -
The new deduction rates apply to electric and hybrid vehicles, as well.
December 15 -
The regulations address new subsections of the law from the SECURE 2.0 Act.
November 17 -
The ultra-wealthy are using DAFs and private foundations to avoid taxes and exert influence, at the expense of ordinary taxpayers.
November 16