In this episode of Tax Notes Talk, Damien Martin and Tony Nitti of EY discuss the second three of their top six tax cases of 2025, focusing on what qualifies as a deduction in Savage v. Commissioner, ...

The OBBBA has made the 20% Qualified Business Income (QBI) deduction permanent. Learn what this and other 2026 tax changes mean for your small business.

The 2018 Tax Act created a new deduction for qualified business income earned by an individual. The basic deduction is 20% of ...

The federal One Big Beautiful Bill Act reshaped the tax landscape for small and mid-sized businesses, especially in the Garden State. Tax professionals say the new regulations replace uncertainty with ...

Tax filing for 2026 is shaping up to be very different from the last few years, with a larger standard deduction and a fresh round of business-friendly write offs reshaping how much income actually ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Johner Images/Getty Images A new ...

Find out if your new car or truck was built in the United States. See the window sticker or use a VIN Decoder tool at the National Highway Traffic Safety Administration website. Beginning on 2025 tax ...

Under current tax law, some self-employed individuals are entitled to tax breaks comparable to incorporated small business owners using Partnership, Sub-S, or regular C Corporation tax filing. It’s ...

The SALT deduction, which was temporary under the OBBBA Act, raised it from $10,000 to $40,000 if your income is under $500,000. The new senior deduction is a $6,000 deduction you get just for being ...

The standard deduction has been super-sized for seniors. Thanks to provisions in the One Big Beautiful Bill Act, taxpayers 65 and older can claim an additional $6,000 without itemizing their ...