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    Month: July 2025

    Planning for End of Energy Credits

    The major new tax law enacted on July 4, 2025 and discussed in our July 8, 2025 post, eliminates the federal energy credits. When doing tax planning with clients, it is important to remind them that the credits for new, used and commercial electric vehicles end for vehicles purchased after September 30, 2025, and the credits for solar and energy efficient home improvements end for improvements ma...

    Major New Tax Law Enacted

    The major new federal tax law that is officially entitled “An Act to provide for reconciliation pursuant to title II of H. Con. Res. 14” and is informally known as “The One Big Beautiful Bill Act” was enacted on July 4, 2025. The new law contains sweeping tax changes. The following discussion highlights major provisions contained in the new law. Our upcoming seminars in December and...

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