Itemized Deduction Limitation
Author: Preston Brashers TOPLINE: The One Big Beautiful Bill (OBBB) changed the limitation on itemized deductions so that it only applies to taxpayers in the
The One Big Beautiful Booklet is a collection of more than 60 memos that examine and summarize the major aspects of the One Big Beautiful Bill – the signature legislative achievement of President Trump and the 119th Congress.
Author: Preston Brashers TOPLINE: The One Big Beautiful Bill (OBBB) changed the limitation on itemized deductions so that it only applies to taxpayers in the
Author: Preston Brashers TOPLINE: The One Big Beautiful Bill (OBBB) expanded housing developers’ access to Low-Income Housing Tax Credits (LIHTCs). download this memo BACKGROUND: The
Author: Austin Gae TOPLINE: The One Big Beautiful Bill (OBBB) expands access to reliable coal resources on federal lands to help ease electricity costs for
Author: Preston Brashers TOPLINE: The One Big Beautiful Bill (OBBB) gives families more flexibility in taking tax-free withdrawals from 529 savings plans for K-12 expenses,
Author: Preston Brashers TOPLINE: The One Big Beautiful Bill (OBBB) permanently extended the 2017 Tax Cuts and Jobs Act’s (TCJA’s) changes to the mortgage interest
Author: Preston Brashers TOPLINE: The One Big Beautiful Bill (OBBB) allows borrowers to deduct interest payments for domestic car loans, colloquially known as “No Tax
Author: Preston Brashers TOPLINE: The One Big Beautiful Bill (OBBB) added a new tax deduction for qualified overtime income, colloquially known as “No Tax on
Author: Preston Brashers TOPLINE: The One Big Beautiful Bill (OBBB) added a new tax deduction for qualified tipped income, colloquially known as “No Tax on
Frequently Asked Questions Why was it important for Congress to pass the One Big Beautiful Bill? Individuals and businesses faced a massive tax increase in
OB3-60: The One Big Beautiful Booklet Congress passed The One Big Beautiful Bill (OBBB) Act on July 3, 2025, and President Donald Trump signed it
Author: Preston Brashers TOPLINE: The One Big Beautiful Bill (OBBB) authorized Opportunity Zone (OZ) designations by state governors once every 10 years to allow tax