On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law ushering in sweeping federal tax changes. The legislation notably expands the Qualified Business Income (QBI) deduction for professionals...more
7/10/2025
/ Alternative Minimum Tax ,
Business Entities ,
Federal Taxes ,
High Net-Worth ,
New Legislation ,
Pass-Through Entities ,
Qualified Business Income ,
Qualified Small Business Stock ,
SALT ,
State Taxes ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Liability ,
Tax Planning ,
Tax Reform ,
Taxable Income ,
Trump Administration
There have been sweeping changes to both the federal and New Jersey tax laws for the first half of 2018. At the federal level, the elimination of the state and local tax (SALT) deduction, which for decades allowed people to...more