Tag: OBBBA
No Tax on Tips in 2025 Trump Tax Law. What’s the Catch?
The 2025 Trump tax law — One Big Beautiful Bill Act (OBBBA) — includes provisions for “No Tax on...
No Tax on Overtime in 2025 Trump Tax Law. What’s the Catch?
The new 2025 Trump tax law includes provisions for “No Tax on Tips” and “No Tax on Overtime.” I...
IRA for Kids With No Earned Income
We covered the new tax deductions in the 2025 Trump tax law in previous posts: seniors, car loan interest,...
The ACA Premium Subsidy Cliff After the 2025 Trump Tax Law
As I’m self-employed and under 65, I purchase health insurance through the health insurance marketplace established under the Affordable...
Deductible Car Loan Interest in the New 2025 Trump Tax Law
When my wife bought a new Subaru Outback in March, the manufacturer offered special financing at 3.9% APR. We...
$1,000 Charity Donation Deduction in the 2025 Trump Tax Law
Many charities advertise that donations are tax-deductible, but most people don’t deduct donations on their taxes. That’s because over...
Tax Deductions: Above-the-Line, Itemized, and Neither
The new 2025 Trump tax law — One Big Beautiful Bill Act — created several new tax deductions. Some...
Effect of Higher SALT Cap in 2025 Trump Tax Law
SALT stands for State And Local Taxes. It’s basically state and local income taxes and property tax. The 2017...