As the December 31, 2025 expiration date for key provisions of the Tax Cuts and Jobs Act (TCJA) approaches, CPAs face increasing questions from clients about the State and Local Tax (SALT) deduction cap and its implications. This blog explores the current SALT landscape, potential changes on the horizon, and strategic considerations CPAs should be […]
Displaying: May 2025
The No Tax on Tips Act: What This Means for Workers and CPAs
What Is the No Tax on Tips Act? The No Tax on Tips Act is a significant piece of tax legislation that recently passed unanimously in the Senate and is now headed to the House of Representatives. If enacted, this bill would create a federal income tax deduction of up to $25,000 annually for qualified […]