A new tax-advantaged way to help children build up savings for the future was created by the One Big Beautiful Bill Act (OBBBA): Trump Accounts
- Individual Tax Alerts, Tax Info
CategoryIndividual Tax Alerts
The IRS is opening the filing season for 2025 individual income tax returns on January 26. This is about the same time as when the
- Individual Tax Alerts
Every year, severe storms, flooding, wildfires and other disasters affect millions of taxpayers. Many experience casualty losses from damage to their homes or personal property.
- Individual Tax Alerts
Many tax figures are annually adjusted for inflation and typically increase each year (or at least every few years). For 2026, some additional changes are
- Individual Tax Alerts, Tax Info
The One Big Beautiful Bill Act (OBBBA) creates a new type of tax-advantaged account for eligible children. Section 530A accounts, also known as “Trump accounts,”
- Individual Tax Alerts, Tax Info
Beginning in 2026, individuals who itemize deductions and donate to charity will face a new limit on their charitable deductions. And in some cases, they’ll
- Individual Tax Alerts, Tax Info
The One Big Beautiful Bill Act (OBBBA) creates new income tax deductions for tax years 2025 through 2028 for qualified cash tips and overtime compensation.
- Emerging Tax and Regulations Alert, Individual Tax Alerts
You likely have a lot of things to do between now and the end of the year, such as holiday shopping, donating to your favorite
- Individual Tax Alerts
If you have a flexible spending account (FSA) through your employer to help pay for health or dependent care expenses, now’s a good time to
- Individual Tax Alerts, Tax Info
The 2026 Social Security wage base has been released. What’s the tax impact on employees and the self-employed? Let’s take a look. FICA tax 101
- Individual Tax Alerts, Tax Info
The federal government has announced a major change that will affect how numerous Americans receive their tax refunds and federal benefit payments. The U.S. Treasury
- Emerging Tax and Regulations Alert, Individual Tax Alerts, Tax Info
The One, Big, Beautiful Bill Act (OBBBA) includes, among many other things, numerous provisions that can affect an individual’s taxes. The new law makes some
- Individual Tax Alerts, Tax Info