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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.

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One Big Beautiful Bill Act: Changes, challenges and opportunites

ThomsonReuters

As tax and accounting professionals continue to adapt to these developments, understanding the Act’s key provisions and their implications is crucial for effective tax planning and client advisory services. Expiration : The cap reverts to $10,000 in 2030.

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How the ‘One Big Beautiful Bill’ reshapes SALT planning

ThomsonReuters

The cap is set to increase by 1% each year through 2029, with the limit reverting to $10,000 in 2030. These include the standard deduction, the elimination of personal exemptions, and the preservation of certain tax credits and deductions.

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Deloitte Launches Global Agentic Network

CPA Practice

“We are on a path to becoming an AI-fueled organization by 2030—embedding AI into our work and the services we offer,” said Nitin Mittal, Deloitte Global AI leader. ” Thanks for reading CPA Practice Advisor!

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Deloitte Launches Global Agentic Network

CPA Practice

“We are on a path to becoming an AI-fueled organization by 2030—embedding AI into our work and the services we offer,” said Nitin Mittal, Deloitte Global AI leader. ” Thanks for reading CPA Practice Advisor!

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Federal implications of the ‘One Big Beautiful Bill’: What’s changing and how to respond

ThomsonReuters

Jump to ↓ How OBBBA is impacting federal tax policy Strategic implications in a shifting political landscape What tax professionals should do now to manage the OBBA impact For tax professionals, the newly signed One Big Beautiful Bill Act (OBBBA) of 2025 has significant impacts for client tax planning and compliance.

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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. All rights reserved. Power without guardrails is a risk Of course, the benefits only matter if the technology can be trusted.