News

Senate Republican tax bill passes 'SALT' deduction cap of $40,000. Here's who would benefit.
The $40,000 cap would begin this year, with the same $500,000 income phaseout, and both figures would rise by 1% annually ...
Journal of Accountancy1d
Senate passes reconciliation bill including tax changes
The Senate passed its version of the One Big Beautiful Bill Act. The bill contains many tax provisions beyond extending ...
President Donald Trump's 'big, beautiful bill' would save Americans from enduring 22% tax hike, GOP says
Senate Republicans coalesced to pass President Donald Trump's colossal "big, beautiful bill" early Tuesday morning, which ...
The Mercury1d
PLANNING AHEAD: The Federal Estate Tax and the ‘Big Beautiful Bill’
It is tempting to think the budget conflicts in Washington today are something new and different from a dialogue going on for ...
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 ...
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 ...