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Turn Tax Law Changes Into Opportunities: 2025 Key Figures
Key New Deductions & Credits (2025–2028) Provision What’s New Who Benefits Senior Bonus Deduction Filers age 65+ can claim an additional standard deduction — $6,000 (Single) or $12,000 (MFJ). Phases out for MAGI > $75K / $150K. Retirees, seniors Overtime Deduction New above-the-line deduction up to $12,500 for qualified overtime compensation. Middle-income earners Auto Loan Interest Deduction New above-the-line deduction up to $10,000 for interest on qualified passenger-vehic
Disaster Relief Tax Benefits Extended Under OBBBA
When disaster strikes, financial recovery can feel overwhelming. Thankfully, the One Big, Beautiful Bill Act (OBBBA) has extended key...
Understanding Charitable Contribution Deductions Under the New Tax Law (OBBBA)
Published by 2 Cherry Tax – Wisdom in Wealth, Strategy in Growth The One Big, Beautiful Bill Act (OBBBA) brings some important updates...
New SALT Deduction Limits (OBBBA)
The One Big, Beautiful Bill Act (OBBBA) introduces important updates to the State and Local Tax (SALT) deduction limits, impacting...
New Tax Deductions Under the OBBBA: Tips, Overtime, and What Taxpayers Need to Know
The Opportunity for Better Budgeting and Benefit Allocation Act (OBBBA) introduces several groundbreaking provisions that directly impact...
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