BLS Insights

The many tax-related provisions that went into effect last year after the One Big Beautiful Bill Act (OBBBA) was signed into law are affecting 2025 federal income tax returns being … Continued

This IRS Fact Sheet (FS-2026-02) outlines a significant shift in how the federal government handles money. Based on Executive Order 14247, signed in March 2025, the IRS is aggressively moving away from paper … Continued

This guidance is intended for retirement plan sponsors, administrators, and fiduciaries who implemented the Roth catch-up contribution requirements under the SECURE Act 2.0 and related IRS regulations by January 1, … Continued

The One Big Beautiful Bill Act (OBBBA) creates a new type of tax-advantaged account for eligible children. Section 530A accounts, also known as “Trump accounts,” can be established for children under … Continued

The Delaware Senate has passed House Bill 255 (HB 255), a bill that will decouple from certain federal tax rules related to accelerated depreciation and domestic research and experimental expenditures. … Continued

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 … Continued

The One Big Beautiful Bill Act (OBBBA) shifts the landscape for year-end tax planning. The law has implications for some of the most tried-and-true tax-reduction measures. It also creates new … Continued

The IRS recently issued its 2026 cost-of-living adjustments for more than 60 tax provisions. The OBBBA makes permanent or amends many provisions of the Tax Cuts and Jobs Act (TCJA). … Continued

The One Big Beautiful Bill Act (OBBBA) introduced or updated numerous business-related tax provisions. The changes that are likely to have a major impact on employers and payroll management companies … Continued

Among its numerous tax provisions, the OBBBA reinstated immediate deductions for research and experimental (R&E) expenditures under Internal Revenue Code Section 174, beginning in 2025. The IRS has recently issued … Continued