SALT deduction cap temporarily raised from $10,000 to $40,000. PTETs allow businesses to bypass federal deduction limits. OBBBA permanently instates the 20% qualified business income deduction. Tax ...
What Congresses gives with one hand, it often takes away with the other and that is the case with the “Big, Beautiful Bill” when it comes to advisors who use a pass-through entity model. On the plus ...
House and Senate agree on a $40,000 SALT cap for 2025 and maintain full PTET deduction access. In a fast-track move to finalize tax reform before the July 4 recess, the House on July 3 passed the ...
After weeks of deliberation, revisions, and intense advocacy, the Senate and House have passed the final version of the One Big Beautiful Bill Act (OBBBA, H.R. 1), sending it to President Trump for ...
Selling something that has shot up in value — think appreciated stocks, bitcoin bought for pennies, a rental building, or a closely held business — can leave you staring at a hefty state and federal ...
To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Selecting the right business entity structure is an ...
California’s elective Pass-Through Entity Tax was designed to provide relief to business owners. SOUTH SAN FRANCISCO, CA, UNITED STATES, October 15, 2025 ...
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