No Tax on Tips and No Tax on Overtime: The New 2025 Deductions
Two of the most talked-about promises of 2025 became real, but with limits, phase-outs, and expiration dates. Here is how the tip and overtime deductions actually work.
-
-
R&D Expensing Is Back: Section 174 After the 2025 Law
Businesses had been forced to amortize research costs since 2022. The 2025 law restored immediate expensing for domestic R&D — with catch-up relief.
-
100% Bonus Depreciation Is Back — and Permanent
Bonus depreciation had been phasing down to zero. The 2025 law reversed course and restored full expensing permanently. What businesses and their advisors should know.
-
HSA Changes: Expanded Eligibility and What It Means for 2026
Health Savings Accounts got more useful. Alongside the usual inflation adjustments to contribution limits, recent legislation expanded who can contribute to an HSA — a change worth flagging for clients during open enrollment. The basics still apply To contribute to an HSA, an individual generally must be covered by a qualifying high-deductible health plan (HDHP)…
-
The New $40,000 SALT Cap: What Changed and Who Benefits
The 2025 tax law quadrupled the state and local tax deduction cap for most taxpayers — but with a high-income phase-down and a scheduled reversion. Here is how it works.
-
Pass-Through Entity Taxes (PTET) After the Higher SALT Cap: Still Worth It?
When the federal cap on state and local tax (SALT) deductions arrived, most states responded with a pass-through entity tax (PTET) — an elective workaround that has saved owners of S corporations and partnerships real money. Now that the federal SALT cap has been raised, advisers are asking whether the PTET election is still worth…
-
Opportunity Zones Made Permanent: New Rules for Qualified Opportunity Funds
The Opportunity Zone (OZ) incentive — created to spur investment in designated communities — was set to wind down. Recent legislation instead made the program permanent and reshaped how it works, giving advisers a durable planning tool for clients with capital gains. A quick refresher Investors who roll eligible capital gains into a Qualified Opportunity…
-
529 Plans Just Got More Flexible: New Qualified Expenses to Know
529 education savings plans have quietly become one of the most flexible tools in the planning toolbox — and recent legislation expanded them further. If you advise families, it’s worth a refresher on what 529 money can now cover. Beyond college tuition 529 plans were built for higher education, but qualified uses have grown over…
-
TCJA Sunset Averted: The 2017 Tax Cuts Are Now Permanent
For years, planners worked around a December 31, 2025 cliff. The 2025 law removed it. Here is what became permanent — and what it means for multi-year planning.
-
Section 179 Expensing Jumps to $2.5 Million: What Businesses Should Know
Business clients buying equipment got a much bigger immediate write-off. Recent legislation sharply increased the Section 179 expensing limits — a meaningful change for any business investing in machinery, vehicles, software, or other qualifying property. What Section 179 does Section 179 lets a business elect to deduct the full cost of qualifying property in the…
