

September 2, 2025

The 100% bonus depreciation phaseout continues in 2024, reducing first-year write-offs for business equipment and qualifying property under current tax law.

Withholding adjustments for 2025 could change the amount of tax taken from paychecks as new federal rules affect tips, overtime pay, and car loan interest.

SALT cap 2025 rules increase the deduction limit for state and local taxes to $40,000, outlining eligibility, income thresholds, and filing requirements.

One Big Beautiful Bill Act tax planning becomes urgent as the December 31 deadline approaches, with new deductions, income rules, and filing decisions.

California mortgage interest deduction 2026 restores PMI deductibility, keeps federal limits, and explains how California rules differ for itemizing returns.

OBBB vs TCJA explains which Tax Cuts and Jobs Act provisions became permanent, what the new law changed, and which tax rules still face future expiration.