SPECIAL REPORT
2025 year-end tax planning guide
The One Big Beautiful Bill Act has fundamentally reshaped federal taxation for 2025 and beyond. This excerpt from the comprehensive report available on Thomson Reuters Checkpoint helps you:
- Understand permanent extensions of the Tax Cuts and Jobs Act (TCJA) provisions and new tax rates
- Maximize new deductions for tips, overtime, and car loan interest
- Navigate the increased $40,000 State and Local Tax (SALT) cap and modified itemized deductions
- Leverage 100% permanent bonus depreciation and doubled IRC § 179 limits
- Plan for enhanced business credits and Qualified Business Income (QBI) deduction improvements
- Meet critical year-end deadlines with our complete payroll tax timeline
Access essential strategies to reduce tax liability and avoid costly mistakes in this pivotal tax year.