If you have high state and local taxes (SALT) but have been claiming the standard deduction in recent years, it’s time to revisit itemizing.
OBBBA
Your Weekly Read
How the new Trump Account for children will work
If you have a child born in 2025 through 2028, you might want to set up a Trump Account to receive a free $1,000 government contribution.
New deduction for QPP can save significant taxes for manufacturers
Could your manufacturing business qualify for the 100% bonus depreciation on new qualified production property?
How small business owners can deduct real estate improvements
Recent tax law changes have significantly enhanced first-year depreciation tax breaks for real estate improvements
Payroll tax implications of new tax breaks on tips and overtime
The One Big Beautiful Bill Act creates new limited deductions for tips and overtime income through 2028. Find out if you qualify.
OBBBA includes new 1099 reporting requirements for 2026 payments
The One Big Beautiful Bill Act finally increases the 1099 reporting threshold from $600 to $2,000 for payments made in 2026.
New individual income tax deduction for car loan interest
Buying a new car? You may have heard there’s “no tax on car loan interest” anymore. Here’s how the new tax deduction works.
The QBI deduction and what’s new in the One, Big, Beautiful Bill Act
The QBI deduction is a valuable tax break for eligible small business owners. Here’s a look at the tax break and how it changes under OBBBA.
What families need to know about the new tax law
The One, Big, Beautiful Bill (OBBB) has introduced many tax changes that could affect families. Here are a few of the new tax provisions.
The One Big Beautiful Bill includes favorable depreciation changes
Some of the biggest and best changes in the OBBB involve changes to the depreciation rules. Here’s how you can benefit.
What the new tax law could mean for you
President Trump signed the One, Big, Beautiful Bill Act into law on July 4. Favorable changes may affect you and your family.
Significant business tax provisions in the One, Big, Beautiful Bill Act
You’ve probably heard that the One, Big, Beautiful Bill Act has been enacted. What will it mean for taxes and your business?
Read something interesting? Want more information? Give us a call, and we will be happy to assist you in any way we can.
144 W 2nd St
Washington, NC 27889
Washington, NC 27889
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