News

Fewer Than 3% of Tax Filings Can Use the New 'No Tax on Tips' Provision
The new "no tax on tips" deduction will benefit just about 3% of all tax filers, saving them, on average, almost $1,400.
JD Supra3h
One Big Beautiful Bill Act: An Overview of Impacts on the Tax Code for Business Owners
The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4, 2025. The legislation permanently extends some of the ...
National Law Review6h
Amendments to Section 1202 Tax Exclusion for Sale of Qualified Small Business Stock Provide to Lift to Startups and Angel Investors
On 3 July 2025, the House passed the Senate’s version of H.R. 1, the budget reconciliation bill known as the “One Big Beautiful Bill Act” (the Act). President Trump signed the Act into law on 4 July ...
Indiatimes on MSN10h
Government withdraws Income Tax Bill 2025: Fresh draft to reduce complexity, boost savings for middle-class and MSMEs
The government has withdrawn the Income Tax Bill 2025 and will present a new draft in Parliament on Monday. Based on Select ...
Business groups propose ballot measures to lower income tax, boost refunds
One proposed initiative would cut the state income tax rate from 5 percent to 4 percent by 2029. Another would lower the ...