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.
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;
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.
Your employer is not required to withhold income tax when you exercise an ISO since there is no tax due until you sell the stock. Although no tax is withheld when you exercise an ISO, tax may be due later when you sell the stock. Plan for the tax consequences when you consider the consequences of selling the stock.
If you have received restricted stock award (RSA) or restricted stock units (RSUs), congratulations. This is a potentially valuable equity award that typically carries less risk than a stock option due to the lack of leverage. This article will explain these two types of equity compensation as well as their tax implications,
During these unprecedented time, TaxShy is giving 200 hours of CPA time free of charge to prepare 2019 taxes under “Thank You Frontliners” program.
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