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2025 Tax Reform Highlights – What you need to know about the “One Big Beautiful Bill Act”

CapataCPA

SALT Deduction Cap Temporarily Increased From 2025 to 2029, the state and local tax deduction cap rises to $40,000, with slight annual increases. The cap returns to $10,000 in 2030 and is subject to phaseouts for higher-income households. What This Means for You The OBBBA reinforces a pro-business tax environment.

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The next frontier in accounting: Autonomous AI agents

Accounting Today

Such advanced capabilities are driving rapid growth in the AI agent market, expected to expand from $5 billion today to approximately $47 billion by 2030, according to a study by ResearchAndMarkets.com. And in finance, trust isnt optional — its everything. In finance and accounting, accuracy and accountability are paramount.

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More winners and losers from the Trump tax bill

Accounting Today

What was great news, I think, for clients in the sausage-making process of the bill, clients were concerned about the reports of the revenge tax that we first saw when the House Ways and Means Committees first draft of the bill, and then the version that the House passed was similarly potentially egregious. All rights reserved.

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Trump's law to cut US clean energy installs 41%

Accounting Today

New wind, solar and energy storage additions through 2030 will drop 23% compared to an earlier BNEF forecast as a result of the new legislation. Once developers lose tax credits, only 30% of planned solar projects will be able to deliver competitive prices and are "expected to survive," according to the research company Enverus.

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How Biden’s Proposed Tax Bill Will Affect Small Businesses

SingleTrackAccounting

The new presidential administration has proposed a large new tax bill to offset other priorities such as improving infrastructure, funding the American Rescue Plan, combating employment inequality and tackling climate change. These are expected to be financed with increased taxes targeted at high income brackets and corporations.

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