Tax publication

Redefining the Starting Line - Q1 2026

Publication
5 minute read
April 01, 2026

While the federal tax law changes enacted by the One Big Beautiful Bill Act (OBBBA) are substantial (e.g., changes to interest deduction limits, modifications to research and experimental expense rules, and enhanced depreciation deductions), they also create additional complexities for state income tax compliance. Over the coming months, this publication will aim to “Redefine the Starting Line” by helping taxpayers understand how OBBBA affects state income tax compliance by sharing timely guidance on trends and key issues through the 2025 extension and filing seasons and into the 2026 tax year. Leveraging our experience, we’re here to redefine your starting line as you navigate state income tax compliance under OBBBA.

In this issue

Redefining the starting line - what is it and why does it matter?
A tale of two states
The price of conformity--Taxpayers tackle fixed conformity for North Carolina
What’s next?
For more information