Changes to Charitable Giving Under the One Big Beautiful Bill Act

As the year comes to a close, many taxpayers are considering how to handle their end-of-year donations. The One Big Beautiful Bill Act (OBBBA), passed earlier this year, contains several key policies that will affect how many taxpayers itemize, and how itemizers may benefit from deducting charitable donations. OBBBA Changes for Non-Itemizers The OBBBA makes […]

SALT Deduction Cap Increase Proposal: Details & Analysis

As policymakers consider potential federal taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. policy changes in the “big, beautiful bill,” a major point of debate continues over the state and local tax (SALT) […]