Withum

JULY 4, 2025

One Big Beautiful Bill Tax Provisions The One Big Beautiful Bill includes the following significant federal income tax provisions. If a 2024 tax return has already been filed, then an amendment would be required. The Senate bill adds an additional $1 trillion more than the original House bill proposed.

income tax 119

income tax Tax Kentucky Agriculture 119

Withum

JULY 18, 2025

Bob Ferguson recently signed several pieces of legislation enacting significant tax hikes to both the state’s Business and Occupation and the Sales and Use taxes. The definition of “sale at retail” in RCW 82.04.050 is amended to include “advertising services.” As such, the actual enactment of this tax may be delayed.

Washington 64

Washington Sales Maryland Tax 64

Withum

JUNE 24, 2025

The deduction can result in pass-through business owners having a maximum effective federal tax rate of approximately 30%, as opposed to 37%. However, the C Corporation 21% tax rate was a permanent tax provision, while the 199A deduction is set to expire as of December 31, 2026.

Tax 72

Tax income tax New York corporation tax 72

Withum

JULY 1, 2025

Senate Bill Comparisons of the major individual income tax provisions in the House bill versus the Senate bill are highlighted below. Standard Deduction Permanently allows for the increased standard deduction amount provided under the Tax Cuts & Jobs Act. The state and local tax cap will revert to $10,000 in the 2029 taxable year.

Tax 104

Tax income tax Education tax services 104

Accounting Today

JULY 8, 2025

And depending on your view of it as a giveaway to billionaires or a much-needed tax cut for the middle class, it has something for everyone to consider. Its a temporary increase, and will continue to increase every year until 2029. All rights reserved. 1, made it to President Trumps desk in time for his signature on July 4.

Technology 126

Technology audit tax preparation corporation tax 126

Anders CPA

AUGUST 22, 2023

This law provides an income tax credit for taxpayers who hire an intern or apprentice who is paid at or beyond the minimum wage. The DED will establish the procedure for claiming the tax credit and will certify eligible applicants to the Missouri Department of Revenue.

Missouri 52

Missouri Tax income tax CPA 52

Withum

MAY 13, 2025

The House Ways and Means Committee released additional information regarding their proposed tax bill, named The One, Big, Beautiful Bill , on Monday, May 13, 2025. While the bill could face additional adjustments in the Senate, it provides the framework for 2025 tax reform.The significant business income tax provisions are highlighted below.

Tax 122

Tax income tax Real Estate tax return 122