The “One Big Beautiful Bill Act” created a temporary federal income tax deduction for individuals who receive certain qualified tip income and overtime compensation.
The “One Big Beautiful Bill Act”, signed into law on July 4, includes provisions amending Section 162(m).
The enactment of H.R. 1 has broad impact on financial services, including changes to TCJA tax rules, limits on deductions, and revisions to clean energy tax credits.
H.R. 1, the "One Big Beautiful Bill Act" contains significant tax law changes with various effective dates affecting health organizations.
This quarter’s Accounting Methods Spotlight features (1) key provisions of H.R. 1.
Trump extends effective date for reciprocal tariffs to August 1 and notifies countries of updated tariff rates, including 50% tariff on Brazil.
H.R. 1 contains significant tax law changes with various effective dates affecting universities and other tax-exempt organizations.
On July 4, President Trump signed the One Big Beautiful Bill Act, which includes a broad range of tax reform provisions affecting businesses.
President Donald J. Trump on July 4 signed into law H.R. 1, the “One Big Beautiful Bill Act.”
The House of Representatives passed the “One Big Beautiful Bill Act” (H.R. 1) with a narrow vote, following Senate approval.
An overview of the Senate-passed version of H.R. 1, which was approved by the Senate, following a narrow vote.
Several states recently have taken steps to advance utilization of the research and development (R&D) credit at the state level.
