A deadline passed on July 6, 2026. Eligible small business taxpayers that wanted to reach back and apply the new research and experimental rules to 2022, 2023, and 2024 had until that Monday to file the election. The window is closed. The One Big Beautiful Bill Act, Public Law 119-21, signed July 4, 2025, rewrote […]
Displaying: Tax Reform
Ken Kies Returns to Surgent CPE, Joins Weekly Expert Hour and Launches New Monthly Program
Kies, who most recently served as Assistant Secretary of the Treasury for Tax Policy and Acting Chief Counsel of the IRS, will teach a free session of Surgent’s Weekly Expert Hour on Sept. 24 and will co-host a new monthly program with Mike Tucker. Key Takeaways DALLAS (Sept. 10, 2026) — Surgent CPE, a UWorld company […]
One Year of OBBBA: What CPAs Need to Know Now
The One Big Beautiful Bill Act (OBBBA) tax changes enacted under Public Law 119-21 turn one year old on July 4, 2026. Practitioners have now completed an entire filing season under the law, giving them real-world data on how its provisions actually play out in practice. Sweeping is an overused word in tax legislation coverage. […]
529 Plans in 2026: Education Savings, Estate Planning, and What OBBBA Changed
Section 529 plans have been a core education savings tool since 1996. The basic structure hasn’t changed: contributions grow tax-deferred, and qualified distributions come out federal income tax-free. What has changed, thanks to the One, Big, Beautiful Bill Act (OBBBA) signed July 4, 2025, is the scope of what those plans can cover and who benefits from them. Two […]
Section 1202 Qualified Small Business Stock in 2026: New Rules, Higher Stakes, Strict Requirements
Section 1202 has been around since 1993. For most of that time it was a niche provision, useful in the right circumstances but constrained by a rigid five-year holding period and dollar thresholds that hadn’t kept pace with inflation. The One, Big, Beautiful Bill Act (OBBBA), signed into law July 4, 2025, changed that. Three […]
HSAs in 2026: Contribution Limits, Tax Advantages, and What Changed Under OBBBA
Health Savings Accounts have always offered a compelling tax structure. But 2026 brings both higher contribution limits and the broadest expansion of HSA eligibility in recent memory, thanks to amendments the One, Big, Beautiful Bill Act (OBBBA) made to IRC Section 223 when it was signed into law on July 4, 2025. The basics haven’t changed. What […]
2026 Tax Brackets & Adjustments: What Changed
The IRS has released the 2026 tax brackets and inflation adjustments, reflecting significant changes under the One Big Beautiful Bill (OBBBA). From increased standard deductions to enhanced employer tax credits and estate exclusions, these updates will impact how individuals and businesses prepare for the 2026 tax year. Here's a breakdown of what changed—and what didn't.
Surgent CPE Announces First-to-Market CPE Webinars Covering One Big Beautiful Bill Act (OBBBA) Tax Reform
Industry-leading courses provide timely analysis of major new tax law for accounting and finance professionals RADNOR, Pa. (July 3, 2025) — Surgent CPE, a recognized leader in continuing professional education for accounting and finance professionals, announced today the immediate availability of two new CPE webinars providing in-depth coverage of the One Big Beautiful Bill Act […]
Navigating the SALT Landscape: What CPAs Need to Know for 2025
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 […]
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 […]