The OBBB provides a new, temporary deduction for individuals aged 65 and older.This deduction is $6,000 per eligible individual ($12,000 for a married couple wh...
Hi, AS70, it sounds like maybe you have closed your business, and the only activity in 2025 was the sale of items you had in inventory. If that's the case, then...
Hi, jenthn, with all the changes in the new bill, there are a lot of questions on how it will impact tax returns this year. The One Big Beautiful Bill (OBBB) ha...
The One Big Beautiful Bill (OBBB) does NOT make any changes to how social security is taxed. Rather, the OBBB provides a new, temporary deduction for individual...
The new deduction is separate and different from the standard deduction, meaning you can either take the standard deduction OR itemized deductions, and still qu...
