Finance, investment and tax-related legislation

Notice 2026-11 from the IRS provides guidance on the permanent 100% additional first-year depreciation deduction provided by the One Big Beautiful Bill Act.

The proposed regulations relate to the new deduction for interest paid on vehicle loans incurred after Dec. 31, 2024, to purchase new made-in-America vehicles for personal use.

Major tax legislation, IRS staffing issues, and plenty of client confusion promise a challenging tax season.

The House Ways and Means Committee passed three bills aimed at bolstering taxpayer rights.

The agency is also looking for feedback on the guidance by next March.

The House approved two pieces of legislation to keep IRS agents from levying fines and penalties without supervisory approval, and to strengthen taxpayer rights in proceedings before the Tax Court.

In Notice 2025-69, the IRS and the Treasury offer clarifications and examples of how to claim the One Big Beautiful Bill Act deductions.

The Senate passed the Internal Revenue Service Math and Taxpayer Help Act despite the government shutdown, sending it to President Trump for his signature.

The Trump administration's tax bill has created the opportunity to deduct domestic R&E expenses

Employee benefit planners need to be thinking about the OBBBA and other Trump administration initiatives.

Congress did not simply extend the Tax Cuts and Jobs Act provisions starting in 2026 with the One Big Beautiful Bill Act; it also modified some of those provisions effective in 2025.

Senate and House Democrats proposed a bill to ensure billionaires pay a "fair share" of taxes, without actually raising their tax rate under current law, while Republicans advanced legislation pertaining to the IRS and the U.S. Tax Court.

The legislation currently moving through Congress could have dire tax implications for CPA firms that use global outsourcing.

The Trump administration's big tax legislation has plenty for the real estate industry to like, says an expert from Baker Tilly.

What tips qualify, which don't, how to file and more.

It's time to start talking to clients about changes to the Tax Cuts and Jobs Act and much, much more.

The poorest 10% of households will lose an average of $1,200 in resources per year, while households in the highest 10% of incomes will see about a $13,600 boost in resources. 

Tax experts from Top 100 Firm Bennett Thrasher share the implications of the Trump administration's new tax law on businesses.

The American Institute of CPAs supports a bill to allow survivors of domestic abuse or spousal abandonment to file their taxes as if they weren't married.

The legislation involves a 'thoughtful phaseout,' while leaving some investment opportunities, says one expert.