GROOM INSIGHT: Although this provision is effective retroactively to the beginning of the 2025 plan year, it may be difficult to retroactively amend the plan because that would require that the plan ...

The One Big Beautiful Bill (OBBB), signed into law on July 4, 2025, introduces major overhauls to the U.S. tax system. The legislation extends key provisions from the 2017 Tax Cuts and Jobs Act (TCJA) ...

As promised, President Donald Trump signed the "One Big Beautiful Bill" July 4. It has been an interesting few weeks tracking proposed changes in both the House and Senate and providing feedback to ...

President Donald Trump signed the One Big Beautiful Bill Act (OBBB) into law on July 4, 2025. Among other provisions, the bill raises the debt ceiling by $5 trillion annually and also makes a 15% cut ...

The 2025 OBBB Act updates key tax rules for condo owners, including higher standard deductions, a $750,000 mortgage interest limit, and a $40,000 SALT cap. Owners should consult tax professionals and ...

The "One Big Beautiful Bill" (OBBB) passed earlier this summer implemented a host of tax changes (while keeping around several cornerstones of the current tax code) that will in one way or another ...

President Donald Trump's One Big Beautiful Bill (OBBB) has several tax provisions that impact Americans residing in the United States. But what does it mean for Americans living abroad? If you live ...

Although few provisions in the One Big Beautiful Bill Act (OBBB) directly reference Tribal governments or their members, the OBBB includes several amendments to the U.S. Internal Revenue Code (Code) ...

The Senate has just passed its version of the One Big Beautiful Bill Act (OBBB) in a vote that was so close that Vice President J.D. Vance had to step in and break the tie. The version of the bill ...

Inaccurate—and even fraudulent—employee retention credit (ERC) claims have long been creating headaches at the IRS. The One Big Beautiful Bill (OBBB) made changes designed to alleviate IRS’ burden ...

If you live overseas and file U.S. taxes, you’ll want to pay close attention to some of the changes. There are provisions related to the taxation of foreign income, a new tax on certain transfers of ...