A Constant in a Sea of Change
If it feels like every time you blink, a new hurdle is placed in front of you, you’re not alone. On top of the One Big Beautiful Bill Act (OBBBA) and technical corrections, significant tax legislation might — or might not — be in the cards for the end of 2025 as well. The... Jennifer MacMillan, EA
Internal Revenue Code §179D Down, But Not Out …Yet!
In the United States (U.S.), commercial buildings consume a substantial amount of energy resources. The U.S. has close to 6 million commercial buildings containing approximately 100 billion square feet of conditio... James Peacock
Health Savings Accounts Even Better Post-One Big Beautiful Bill Act
Congress created one of the best tax savings vehicles in 2003. It was not the individual retirement account (IRA). It was not the Roth IRA. It was the health savings account (HSA). The HSA is the only tax-preferred savings... Thomas A. Gorczynski, EA, USTCP
“No Tax on Car Loan Interest?” How the New Deduction Works
Beginning in 2025, some taxpayers will have a new opportunity to deduct interest on personal auto loans. Section 70203 of Public Law 119-21 (the One Big Beautiful Bill Act) amends §163 of the Internal Revenue Code (IRC), allowing a deducti... Kyle Harris, EA
Closing Out a Landmark Year for Tax Policy and Enrolled Agent Advocacy
As 2025 draws to a close, it is hard to overstate how much the tax landscape—and our advocacy work—has evolved over the past 12 months. From the passage of the One Big Beautiful Bill Act (OBBBA) to the late... Michelle McCaughey, Thad Inge, Samantha Ford
Evaluating Tax Practitioners’ Perceptions of the Tax Cuts and Jobs Act Through the Lens of Tax Misperception Theory
Introduction The 2017 Tax Cuts and Jobs Act (TCJA) was billed as historic tax relief. The TCJA created complex implications for taxpayers and their advisors. Provisions like the $10,000... Cari Barnes, Elvis Ndembe, Anish Shankar Menon, and Marvin Williams, JD