The One Big Beautiful Bill Act (OBBBA) eliminated most individual credits for clean energy, including the clean vehicle credits for cars and the energy-efficient home improvement credit. The following is a summary of the credits that will expire soon.
Accurate inventory reporting can make a significant difference in your business’s tax liability and financial statements. Discover the rules, methods, and reporting requirements that ensure compliance and help you manage costs effectively.
Adopting a child in 2025? Thanks to the One Big Beautiful Bill Act, the enhanced Adoption Tax Credit—now worth up to $17,280 and partially refundable—offers real financial relief for families, including up to $5,000 back even if you owe no federal income tax. These changes especially benefit lower- and middle-income households and families adopting children with special needs.
Big changes are here for the Section 48C Advanced Energy Project Credit under the One Big Beautiful Bill Act (OBBBA). If you’re involved in clean energy manufacturing, critical materials, or industrial decarbonization, these updates could impact your credit eligibility, funding opportunities, and timelines.
The One Big Beautiful Bill Act expands the completed contract method, giving more residential contractors the ability to defer income and improve cash flow. This change is particularly impactful for firms managing long-term projects and operating on tight margins.
The One Big Beautiful Bill Act brings significant changes to the business interest deduction rules—restoring the more favorable EBITDA-based limitation under Section 163(j). This update could significantly increase your allowable interest expense deduction and improve after-tax cash flow.
New IRS rules and legislative changes in 2025 are reshaping how businesses approach accounting method changes. Whether you’re looking to reduce tax liability, improve compliance, or align your method with long-term goals, now is the time to act.
Thinking about using a 1031 exchange in 2025? New rules, tighter reporting requirements, and green incentives are changing the game for real estate investors.
New updates to the Advanced Manufacturing Production Credit (Section 45X) could impact your eligibility, supply chain strategy, and tax planning. Learn how OBBBA changes credit phaseouts, foreign entity rules, and transferability.