Tax-Free Tips and Overtime: What the Big Beautiful Tax Bill Means for Workers
The Big Beautiful Tax Bill introduced two worker-friendly provisions aimed at boosting take-home pay: tax-free tips and tax-free overtime pay.
Big Beautiful Tax Bill Overhauls Student Loan Repayment Options: End of the SAVE Program
The Big Beautiful Tax Bill has made headlines for reshaping major areas of the tax code but buried within the legislation is a sweeping overhaul of the federal student loan system, which will have long-term implications for both current and future borrowers.
Residential Solar Tax Credit Eliminated Under the Big Beautiful Tax Bill: What It Means for Homeowners
The recently passed Big Beautiful Tax Bill made headlines for raising the federal estate tax exemption and increasing the SALT deduction cap, but not all of the provisions were taxpayer-friendly. One particularly significant change that’s flying under the radar is the elimination of the 30% Residential Solar Tax Credit—a program that’s been central to the rise in home solar installations over the past decade.
The New $6,000 Senior Tax Deduction Explained
The Big Beautiful Tax Bill that just passed is reshaping the tax landscape for many Americans, but one provision that stands out for retirees is the introduction of a new $6,000 senior tax deduction. This benefit, aimed at providing additional tax relief for older taxpayers, adds a generous layer of savings on top of the regular standard deduction and the existing age-based deduction.
The New $40,000 SALT Cap: What It Means for Taxpayers After the Big Beautiful Tax Bill
Congress just passed the “Big Beautiful Tax Bill,” and one of the biggest changes is a major update to the SALT (State and Local Tax) deduction cap. Instead of being limited to $10,000, some taxpayers will now be eligible for a $40,000 SALT deduction — but only temporarily and only if certain income limits are met.
PTET Survives: Why This Pass-Through Entity Tax Loophole Still Matters After Passing of the Big Beautiful Tax Bill
There was a lot of buzz surrounding the “Big Beautiful Tax Bill” recently signed into law, and while most headlines focused on the new $40,000 SALT deduction cap, a quieter but equally important victory came in the form of what didn’t make it into the final bill for the business owners of pass-through entities.
Only Minor Changes to HSA Accounts Following The Passing of the Big Beautiful Tax Bill
The Big Beautiful Tax Bill made waves with several high-profile tax changes, but surprisingly, very few changes were made to Health Savings Accounts (HSAs). Below we outline what made it into the final bill, what got removed, and what retirees—especially those on Medicare—need to know going forward.
EV Tax Credit Eliminated By The Big Beautiful Tax Bill: What You Need to Know Before the Clock Runs Out
The recently passed “Big Beautiful Tax Bill” includes sweeping changes to the tax code, but one provision that caught many by surprise is the elimination of the Electric Vehicle (EV) tax credit—a popular incentive for buyers of new, used, and commercial EVs.
