News & Insights

Key Takeaways A November 2025 federal court ruling in Kwong v. United States found that the COVID-19 disaster declaration paused tax deadlines, and potentially interest accrual, from January 20, 2020, through July 10, 2023. Taxpayers who paid IRS interest or penalties that accrued during this period, including those who settled conservation easement cases, may be […]

A new but temporary special depreciation allowance for qualified production property (QPP) was created by last year’s One Big Beautiful Bill Act (OBBBA). It’s available for certain manufacturing-related real property placed in service after July 4, 2025, and before January 1, 2031. Under previous law, taxpayers had to depreciate such property over a 39-year period. […]

The One Big Beautiful Bill Act (OBBBA) brought some of the most significant federal tax changes in years, and several OBBBA tax provisions are just now taking effect in 2026. From charitable contributions to retirement planning, the new rules cover a broad range of taxpayer situations. Some provisions stem from the OBBBA itself; others come […]

Georgia healthcare professionals who supervise student clinical rotations have access to enhanced tax benefits this year. The state’s Preceptor Tax Incentive Program has been expanded and simplified, offering higher credit amounts and adding dentists to the list of eligible participants to claim the credit. The changes officially took effect on January 1, 2026. WHO QUALIFIES […]

The key to a stress-free tax season? Knowing what’s coming and when. This calendar breaks down every important tax deadline for 2026. Whether you’re filing personal returns, managing payroll or running a business, you’ll know exactly when everything is due. February 2 Businesses: Provide Form 1098, Form 1099-MISC (except those with a Feb. 17 deadline), […]

With Notice 2025–67, the IRS has issued its 2026 inflation-adjusted retirement plan contribution limits. Although the changes are more modest than in recent years, most retirement-plan-related limits will still increase for 2026. Depending on your plan, these adjustments may provide extra room to boost your retirement savings. Type of limitation 2025 limit 2026 limit Elective […]

The One Big Beautiful Bill Act (OBBBA) shifts the landscape for year-end tax planning. The law has significant implications for some of the most tried-and-true tax-reduction measures. It also creates new opportunities for businesses to reduce their 2025 tax liability before December 31. Here are potentially some of the most beneficial ones. Investments in capital assets […]

Now is the time of year when taxpayers search for last-minute moves to reduce their federal income tax liability. Adding to the complexity this year is the One Big Beautiful Bill Act (OBBBA), which significantly changes various tax laws. Here are some of the measures you can take now to reduce your 2025 taxes in […]

The IRS recently issued its 2026 cost-of-living adjustments for more than 60 tax provisions. The One Big Beautiful Bill Act (OBBBA) makes permanent or amends many provisions of the Tax Cuts and Jobs Act (TCJA). It also makes permanent most TCJA changes to various deductions and makes new changes to some deductions. OBBBA-affected changes have […]

This article was originally published in the Fall 2025 edition of the Georgia Motor Trucking Association (GMTA)‘s magazine, TRUX. As we enter the final months of 2025, economic uncertainty remains. However, the newly signed One Big Beautiful Bill Act (OBBBA) provides some much-needed clarity on the future of income and estate tax law. With just a few […]