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US Taxation
Excess Business Loss (§461(l)) Made Permanent: Thresholds, NOL Carryforward, & Planning
United States • Individual Tax Business Loss Rules • §461(l) The July 4, 2025 reform made the Excess Business Loss...
US Taxation
Pass-Through (Section 199A) After OBBBA: “Permanent” Status vs. Pending IRS Updates
United States • Individual Tax Pass-through • Section 199A The July 4, 2025 law (OBBBA) makes the Qualified Business Income...
US Taxation
Itemized Deductions: Pease Repeal vs. New 37%-Bracket Limitation — What High Earners Need to Know
United States • Individual Tax High Earners • Schedule A The July 4, 2025 law keeps the Pease limitation repealed...
US Taxation
Standard Deduction Made Permanent: When Itemizing Beats Standard Under the New Rules
United States • Individual Tax OBBBA • Itemized vs Standard The July 4, 2025 reform made the higher standard deduction...
US Taxation
AMT After the 2025 Reform: Permanent Exemptions, Who Still Pays, & Planning Ideas
United States • Individual Tax OBBBA • AMT The July 4, 2025 reform locked in higher, permanent Alternative Minimum Tax...
US Taxation
Child Tax Credit Updates for 2025 and Beyond: Amounts, Refundability, & Indexing
United States • Individual Tax OBBBA • Child Tax Credit The July 4, 2025 law updated the Child Tax Credit...
US Taxation
New Auto-Loan Interest Deduction (2025–2028): Qualifying Vehicles, Phase-Outs, Pitfalls
United States • Individual Tax OBBBA • 2025–2028 The July 4, 2025 tax law created a temporary deduction for certain...
US Taxation
“No Tax on Overtime” Deduction: Who Qualifies & How Employers Report It
United States • Individual Tax OBBBA • 2025–2028 Under the July 4, 2025 law, qualifying workers can deduct a portion...
US Taxation
“No Tax on Tips” in Practice: Eligibility, Caps, and Reporting Rules
United States • Individual Tax Employee Tips • 2025–2028 The new federal “No Tax on Tips” provision (effective beginning in...
US Taxation
SALT Deduction After OBBBA: Higher Cap and Phase-Outs (2025–2029)
United States • Individual Tax Post-TCJA • OBBBA Starting with Tax Year 2025, the state and local tax (SALT) deduction...