The One Big Beautiful Bill Act (#OBBBA) takes effect in 2025 and stops the automatic tax hikes scheduled for 2026. If you will be filing individual taxes in 2026 or beyond, you will want to know what is new, why it matters, and how it could affect your plans. So let’s break down what it means for you.
If you are reading this article, your company has issued stock options so that you can participate in the growth without any financial risk to you until you exercise the options. Many people who do not understand these options can leave money on the table.
Imagine giving your child a head start on their financial future before they even graduate high school. That’s the idea behind the new “Trump Account”- a retirement account designed specifically for kids. In this post, we’ll unpack why they might become the next big thing
OBBBA introduces sweeping changes that will impact businesses of all sizes from enhanced expensing and bonus depreciation to new thresholds for reporting and credits that reward childcare and research investments. Understanding these changes now will help you stay compliant and competitive in the years ahead.
While OBBBA scales back some clean-energy benefits such as credit phase-outs and tighter timelines for wind and solar projects, it also opens doors for fossil-fuel investment and advanced carbon-capture technology. Understanding these shifts isn’t just for policymakers;
It is unclear what President Trump accomplished by delaying the signing of the bill. While the bill is not perfect but it will do an enormous amount of good for the millions of Americans struggling across the country who need help NOW.
FFCRA provides relief for employers and employees to take care of COVID-19 related needs. Under the act the employee can get up to 12 weeks of paid leave subject to a maximum if certain conditions are met. Read on to know more if you qualify.
If you or your dependent(s) have been diagnosed with COVID-19 or SARS-CoV-2 or experience financial consequence as a result of being unable to work, you may be eligible for a distribution from a retirement account of up to $100,000 per person under section 2205 of the Cares Act.
Section 83(b) election is available to Restricted Stock Awards (RSA). Section 83(b) election is an election to notify the IRS that you wish to be taxed in connection with stock) when it is issued/granted/transferred and not when it vests.
Employers offer ESPP, wherein you make contributions to purchase stock at a discount, via deductions in your salary. The accumulated money is then used to buy stock for you. You get to buy the stock at a lower price than the market price. ESPP tax rules can be complicated for many reasons.
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