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Changes to Energy Credits Under OBBBA
The One Big Beautiful Bill Act (OBBBA), enacted July 4, 2025, introduces significant changes to federal energy tax credits, particularly those established or expanded by the Inflation Reduction Act (IRA). The OBBBA accelerates the expiration of many credits, imposes...
Above the Line Deduction Summary – Overtime, Tips, Car Interest, and Charity
With the passing of the One Big Beautiful Bill (OBBBA) on July 4th, 2025, many changes have been made that could affect many taxpayers in a meaningful way. Some of the biggest changes made by the OBBBA relate to Overtime, Tips, Car Interest, and Charitable...
Charitable Contributions OBBBA
The One Big Beautiful Bill: Charitable Contribution Deductions With the One Big Beautiful Bill Act (OBBBA) there are several updates to tax law that taxpayers need to be aware of. The updated deduction for non-itemizing Taxpayers allows those who may not have been...
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