New York Gov. Kathy Hochul (D) wants to extend the deadline for taxpayers to take advantage of the state’s pass-through entity tax as part of her $260 billion budget plan.

SALT deduction cap temporarily raised from $10,000 to $40,000. PTETs allow businesses to bypass federal deduction limits. OBBBA permanently instates the 20% qualified business income deduction. Tax ...

After weeks of deliberation, revisions, and intense advocacy, the Senate and House have passed the final version of the One Big Beautiful Bill Act (OBBBA, H.R. 1), sending it to President Trump for ...

Financial advisors and their business clients can breathe a sigh of relief after new taxes on pass-through entities were rejected in the Senate’s version of the “One Big Beautiful Bill,” which passed ...

The new administration in Washington, D.C., has ushered in changes to the tax code. Many taxpayers want to know how the One Big Beautiful Bill Act (OBBBA), which passed in July, will affect them. The ...

The “One Big Beautiful Bill Act” (OBBBA), passed in early July, delivers sweeping tax reform for 2025 and beyond. For traders, investors, and pass-through businesses, the final bill locks in popular ...

Selling something that has shot up in value — think appreciated stocks, bitcoin bought for pennies, a rental building, or a closely held business — can leave you staring at a hefty state and federal ...