Blog & Newsroom

The recently enacted One Big Beautiful Bill Act introduces a major change to the federal tax code, delivering welcome news for both employees and employers for tax years 2025 through 2028, as qualified overtime pay will not be subject to Federal income tax. 

This move is poised to increase take-home pay for many American workers and streamline compensation strategies for businesses.

The recently enacted One Big Beautiful Bill Act introduces a major change to the federal tax code, delivering welcome news for both employees and employers for tax years 2025 through 2028, as qualified overtime pay will not be subject to Federal income tax.

The One Big Beautiful Bill Act (OBBBA), also known as H.R. 1, was signed into law in July 2025, bringing significant changes to the rules governing charitable contribution deductions for taxpayers who itemize.

When it comes to retirement planning, most individuals do not begin to seriously consider their options until they are well into their working years. Even fewer people think about laying the groundwork for their children’s retirement.

The One Big Beautiful Bill Act (OBBBA) brings a host of impactful tax changes, and one of the most significant for businesses is the enhancement of bonus depreciation. This provision is designed to provide immediate tax relief and incentivize investment in new assets.

Beginning in 2026, a significant tax benefit will be available for taxpayers who make charitable donations, even if they do not itemize deductions on their tax returns.

Bonus Senior Deduction

Beginning with the 2025 tax year, seniors age 65 and older are eligible for a new tax break designed to provide meaningful relief at filing time.

In a letter dated Nov. 7, Ohio Department of Job and Family Services Director Matt Damschroder explained a new fee that employers will be charged on their quarterly unemployment insurance tax rate.

You may have heard the terms “donated leave” or “leave sharing” being used within the business community over the past few years. This has been something that various companies have adopted to help boost morale, promote compassion, and support their employees.

Extended Filing Due Date Approaches for 2024 Individual Income and Gift Tax Returns

As the Oct. 15, extension deadline looms for filing 2024 individual income and gift tax returns, what does the federal government shutdown mean for Internal Revenue Service employees and individual taxpayers?