Tax Strategies

New OBBBA restrictions mean wealthy donors lose deductions on smaller, routine gifts. Here is how to use DAFs and donation grouping to preserve tax benefits.

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.

Neuberger Berman is buying a $1.2 billion minority stake in tax advisory and software provider Ryan LLC.

Tax season is starting as a number of new provisions of the One Big Beautiful Bill Act take effect.

Right now, cannabis businesses operating legally under state law still can't deduct basic costs like rent, salaries or marketing.

Under a proposed ballot initiative in California, billionaires would face a one-time 5% levy to cover funding shortages for health care, food assistance and education.

Rhode Island Governor Dan McKee is warming to the idea of a tax on the wealthy as one way to bolster the state's resources after a particularly turbulent year for its economy.

The tax deduction applies to new cars assembled in the U.S. purchased from 2025 through the end of 2028.

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.

The updated framework under the OBBBA has created new opportunities for the sports and entertainment industries in rural areas and low-income urban areas.