-
The One Big Beautiful Bill Act (OBBBA) provides an annual deduction of up to $10,000 for interest paid on qualifying new auto loans, effective for tax years 2025 through 2028.
-
Small businesses must now pay duties on low-value goods they could previously source inexpensively from China and elsewhere.
-
High earners may not be eligible to contribute to a Roth IRA, but some people can use a workplace plan to save more and create a source of tax-free retirement income.
-
In many states, a transfer-on-death (TOD) deed and/or account can help avoid probate without the cost and complexity of a trust.