Flexible spending accounts are offered by employers, and contributions are limited annually (in 2025, the limit is $3,300).

The One Big Beautiful Bill Act (OBBBA), signed by President Donald Trump on July 4, 2025, brings sweeping changes to the tax code. While the name ...

Big Beautiful Bill affects personal injury plaintiff firms. The double tax is now permanent, but there's no litigation ...

On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law, which had narrowly passed through the United States ...

With the passage of the One Big Beautiful Bill Act, or OBBBA, many of the temporary tax laws set to expire at the end of 2025 have been made permanent.

Once upon a time, the idea of simplifying the federal tax code enjoyed widespread bipartisan political support. Times have changed in this regard, and not for the better. That’s bad news, and not just ...

The president's tax bill brings charitable donation write-offs 'above the line,' allowing even filers who use standard over itemized deductions to claim the benefit.

The massive new tax law brings several tax-law changes for self-employed, freelance and gig workers, including some that should lower their tax bills.

In addition, the TCJA temporarily capped mortgage acquisition debt at $750,000 and temporarily eliminated miscellaneous itemized deductions. These changes were made permanent by the OBBB. The new tax ...

The sweeping domestic policy bill that passed the House on Thursday will boost the standard deduction for senior citizens by $6,000 from 2025 through 2028.