Permanency In Tax Code Will Encourage Economic Growth

Permanency In Tax Code Will Encourage Economic Growth

According to a new Tax Foundation report, permanently locking in lower individual and corporate tax cuts is the most important pro-growth feature of the recently enacted tax bill. While preventing a $

Trump Tax Law Builds a New Foundation for Taxation

Along with the extensions, the OBBBA makes some other technical tweaks that may benefit some individuals in the lower tax backets. All brackets will continue to be adjusted annually for inflation.

100% Bonus Depreciation Returns Under the New Tax Law

The One Big Beautiful Bill Act (OBBBA) includes a number of beneficial changes that will help small business taxpayers. Perhaps the biggest and best changes are liberalized rules for depreciating business assets. Here’s what you need to know. 100% Bonus Depreciation Is Back The new law permanently restores 100% first-year depreciation for eligible assets acquired and placed in service after January 19, 2025. The last time 100% bonus depreciation…