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As the one-year anniversary approaches of President Trump signing the so-called “One Big Beautiful Bill Act” (OBBBA) into law on July 4, the Institute on Taxation and Economic Poli...
Trump said Democratic policies on crime and taxes were leading to an exodus of businesses and taxpayers from New York, as he touted his tax cuts.
July 4 marks the one-year anniversary of the Working Families Tax Cuts, also known as the One Big Beautiful Bill Act — a landmark NAHB-supported law that permanently extended the 2...
A year after President Trump signed the sweeping tax and spending package, its effects on households, businesses and federal programs are increasingly evident.
One year ago, President Donald Trump signed the first piece of legislation Republicans in Congress had introduced at the start of his second term. Passed using the complicated budg...
On the OBBBA’s first anniversary, one of the law’s more unusual experiments takes full effect. Starting July 4, 2026, contributions may be made to minor children’s 530A accounts—be...
Wisconsin families go to work every day and ask for one thing from their government: Don't make it harder. The Working Families Tax Cut is delivering, and for Wisconsin's workers,...
"The top 1%, in fact, are in line to get $1 trillion in tax cuts from the law over a decade," Jon Whiten, deputy director of the nonpartisan Institute on Taxation and Economic Poli...
The Treasury is considering rules on taxation of college endowments and changes to treatment of R&D costs, bonus depreciation and caps on business interest deductions.
President Trump's One Big Beautiful Bill Act marked its first anniversary on Saturday, with Republicans mounting an aggressive campaign to sell the legislation's tax benefits to vo...
As midterms approach, the timeline for tax legislation in this Congress becomes more compressed. This week brought bad news for two of the most plausible tax packages currently in...
The Institute on Taxation and Economic Policy found the OBBBA “will increase taxes for most Americans, significantly expand income inequality, and add trillions to the national deb...
Let’s look at the language in the settlement agreement. The post Trump’s IRS Settlement: Shielding Past Taxes To Closing Lawfare Loopholes? appeared first on Above the Law.
It's unclear whether the move would affect a provision of the settlement between Trump and the IRS that barred it from pursuing any probes into his tax returns.
July 4 marks one year since the enactment of the One Big Beautiful Bill Act, and analysts across the tax policy spectrum are taking stock: who received tax relief (and how much), w...
The Department of Justice will still provide immunity from any probes into the president's past tax filings under a deal agreed to last month.
The amount of the fund is set at $1.776 billion, an apparent reference to the year 1776 and the creation of the U.S.
Trump Accounts, created under President Trump’s Working Families Tax Cuts Act, give every American child a powerful, tax-advantaged path to build generational wealth and own a dire...
IRC §68 as amended by the One Big Beautiful Bill Act, July 4, 2025 The One Big Beautiful Bill Act (OBBBA) fundamentally reshaped Section 68 by replacing the suspended Pease limitat...
For practitioners willing to learn the rules, Trump accounts are the best client acquisition and retention opportunity we've had in a decade.
Nearly one year after the Trump tax law was signed, many of the 42 states with income taxes are declining to incorporate significant parts of the new law into their own tax codes.
The Tax Cuts and Jobs Act (TCJA) of 2017 represents the most significant reform of the U.S. income tax code since the Tax Reform Act of 1986. Previous analyses of the TCJA’s econom...
Items affected include DAF regs, Form 990 plans and stock donations to Trump Accounts.
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