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The Five Biggest Tax Changes You Need to Know For 2025
The One Big Beautiful Bill Act (OBBBA) is reshaping individual tax filing starting in 2025. With permanent extensions, new deductions, and the elimination of certain credits, understanding these provisions is critical for anyone advising on tax planning. Here are five of the most important changes shaping the upcoming...
5 Ways OBBBA Changes Real Estate Tax Planning for Your Clients
If you're a tax preparer or Enrolled Agent specializing in real estate taxation, it’s essential to understand how the One Big Beautiful Bill Act (OBBBA) is reshaping depreciation rules and client strategies. Here are five key reasons why this change demands your attention: 1. 100% Bonus Depreciation Is Back —...
The OBBBA Tax Changes That Could Reshape Your Filing Season
The biggest tax overhaul in years just landed—and it could reshape your clients’ filings (and your practice) in 2025. That's when the One Big Beautiful Bill (OBBBA) was signed into law, ushering in powerful tax reforms across individuals, families, seniors, businesses, and more. Whether you're guiding individuals,...
The Importance of Section 179 for Business Vehicles
You understand the importance of leveraging every available deduction to maximize tax savings for your clients. Section 179 and Bonus Depreciation are two powerful tools that can significantly reduce taxable income for businesses investing in vehicles and equipment. Understanding these provisions in detail will help...
Help Clients Save with the Child and Dependent Care Credit
If you prepare returns for working parents or caregivers, Form 2441 is one form you can’t afford to overlook. The Child and Dependent Care Credit helps offset the high cost of care for children under 13 or for a spouse or dependent who is physically or mentally unable to care for themselves. But the rules are...