In this ninth installment of my multi-part series on the One Big Beautiful Bill Act (the “Act”), I discuss provisions of the Act that may permit individual taxpayers to deduct the interest incurred with respect to their...more
8/8/2025
/ Adjusted Gross Income ,
Automotive Loans ,
Federal Taxes ,
Income Taxes ,
Interest Payments ,
Internal Revenue Code (IRC) ,
IRS ,
One Big Beautiful Bill Act ,
Refinancing ,
Reporting Requirements ,
Tax Code ,
Tax Deductions ,
Tax Policy ,
Tax Reform
In this seventh installment of my multi-part series on the One Big Beautiful Bill Act (the “Act”), I discuss provisions of the Act that impact the deductibility of individual charitable gifts under Code Section 170....more
8/1/2025
/ Adjusted Gross Income ,
Charitable Deductions ,
Federal Taxes ,
Gifts ,
Income Taxes ,
Internal Revenue Code (IRC) ,
One Big Beautiful Bill Act ,
Tax Code ,
Tax Deductions ,
Tax Planning ,
Tax Policy ,
Tax Reform
On July 1, 2025, the One Big Beautiful Bill Act, H.R.1 – 199th Congress (2025-2026) (the “Act”) was passed in the U.S. Senate (“Senate”). On July 3, 2025, it was passed in the U.S. House of Representatives (“House”) and...more
7/9/2025
/ Adjusted Gross Income ,
Federal Taxes ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Local Taxes ,
One Big Beautiful Bill Act ,
SALT ,
State Taxes ,
Tax Code ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Policy ,
Tax Reform ,
Tax Returns ,
Trump Administration
During the COVID-19 pandemic, the federal government enacted three major pieces of legislation to provide financial relief to individuals and families. The American Recovery Plan Act (“ARPA”), the most recent legislation,...more