On July 1, 2025, the One Big Beautiful Bill Act, H.R.1 – 199 th Congress (2025-2026) (the “Act”) was passed in the U.S. Senate (“Senate”). On July 3, 2025, it was passed in the U.S. House of ...

The increased SALT deduction cap under the One Big Beautiful Bill Act provides a powerful tool for tax and estate planning, particularly through the use of non-grantor trusts. By strategically ...

The fight over deductions for state and local taxes almost sunk President Trump’s megabill, which is headed to his desk with a new $40,000 cap on the deductions, up from $10,000. The megabill also ...

The recently enacted OBBBA introduces several compelling new planning opportunities for high-net-worth individuals and families to consider. Among the most impactful changes is the increase to the ...

For the next five years, there will be a much more generous state and local tax deduction available to federal income tax filers, thanks to the recently enacted mega tax-and-spending-cuts law. The new ...

Now that the 2025 federal tax bill has been signed into law, it’s appropriate to revisit one of its most news-making elements: the federal deduction for state and local taxes (SALT). The new SALT ...

This is the first installment in a three-part series exploring the key implications of the One Big Beautiful Bill Act (OBBBA). On July 4, 2025 the One Big Beautiful Bill Act (OBBBA) was signed into ...

President Donald Trump's 'big beautiful bill' delivers a temporary higher limit on the federal deduction for state and local taxes, known as SALT. But the phaseout, or income-based benefit reduction, ...

CPAs and advisors are warning clients to maximize their charitable deductions before year-end. That’s because the massive tax and budget legislation known as the One Big Beautiful Bill Act, which ...