A Tale of Two Above the Line Deductions
By Lynn Bossenbroek, CPA The One Big Beautiful Bill Act (“the 2025 Act”), introduced several important modifications to increase charitable …
Tax Pros Share Tips for Clearing Filing Season Hurdles
Tax practitioners are set to face a uniquely challenging 2026 tax season, shaped by major new retroactive tax legislation, ongoing …
Wealth Management Expert’s Post OBBBA Planning Tips for High Earners
Michele Martin heads the wealth management practice at EisnerAmper and is the president of Prosperity. She shared with Checkpoint her …
OB3 SALT Cap Increase – Why Pass-through Entity Tax Elections Still Make Sense
Practitioner’s Tax Action Bulletin® Advisory Background The Tax Cuts and Jobs Act (TCJA) brought sweeping changes to the tax …
Chart Summary of Individual Tax Provisions – One Big Beautiful Bill
Practitioner’s Tax Action Bulletin® On 7/4/2025, President Trump signed the One Big Beautiful Bill Act (P.L. 119-21; “the 2025 Act”), …
SALT Cap Proposal Subject to Change as Tax Bill Advances
House Republicans are not aligned on how to address the Tax Cuts and Jobs Act’s cap on state and local …
Policy, Budget Impacts of GOP Tax Bill Key Provisions
The House Ways and Means Committee shared a portion of its plans to address expiring provisions of the 2017 Tax Cuts and …
House Ways and Means Releases Partial Tax Bill Text
On Friday, May 9, the Ways and Means Committee shared partial text for the tax portion of a reconciliation bill …
Trump Pledges to Restore TCJA Full Bonus Depreciation
At his address before Congress Tuesday evening, President Trump hinted at some priority tax policies for his second term, including …
On Menu of Tax Reform Options: Cutting SALT Deduction
As tax discussions ramp up, Republicans have compiled a lengthy menu of options, including five that would revise the deduction …