News

Journal of Accountancy1d
Details of tax changes in Senate reconciliation bill
The Reconciliation Bill being debated in the Senate contains many tax provisions beyond extending portions of the Tax Cuts ...
You will likely be impacted if the Tax Cuts and Jobs Act expires
The Tax Cuts and Jobs Act (TCJA) went into effect on Jan. 1, 2018 and lowered the tax burden on many individuals and ...
‘Most taxpayers will see a cut': Senate's tax plan for Trump's spending package would permanently extend TCJA cuts
Among the core principles of both the House and Senate versions of the budget bill is permanently extending Trump’s 2017 tax ...
KTBS 312d
Legislation would codify more TCJA tax write-offs for American businesses
As Republican leaders in Congress work to renew key portions of the 2017 Tax Cuts and Jobs Act via the budget reconciliation process, two lawmakers have ...
Big Beautiful Bill would trigger higher electric bills, job losses, advocates say
Energy experts have found that eliminating clean energy tax credits in the One Big Beautiful Bill Act, a tax cut and spending ...
Opinion
One Big Beautiful Bill Act is a win for America’s small businesses
Small businesses make up 99.9% of all American businesses, but they are too often ignored in Washington, and the debate around the One Big Beautiful Bill Act is no exception. While there has been ...
GOP Tax Bill Will Uplift the Poor – Again
As the One Big Beautiful Bill Act (OBBBA) faces a critical test in the Senate, opponents are pointing to a Congressional ...
The child tax credit could be worth over $2,000 under Republicans' spending plan — but millions of families wouldn't benefit
Congress is trying to increase the maximum credit amount through its budget reconciliation process, but the chambers differ ...