Tag: Obbba

3 posts

Cheerful senior mother and adult daughter using smartphone together

New $6,000 Senior Deduction: What You Need to Know for 2025

The new $6,000 senior deduction provides automatic tax relief for those 65 and older, but income thresholds affect multiple retirement benefits. Learn the basics and when to seek professional help.

John C Thompson, EA

Sep 6, 2025

OBBBA Family Benefits: Tips, Overtime, and Child Tax Credit Changes Explained

Understand OBBBA family benefits including the enhanced Child Tax Credit, tips deduction, and overtime exemption. Learn how working families can benefit from these new provisions.

John C Thompson, EA

Aug 18, 2025

Last Chance for EV and Solar Credits: What Ends September 30th and How to Qualify

OBBBA terminates EV and solar tax credits on September 30, 2025. Learn which credits are ending, qualification requirements, and how to act before the deadline.

John C Thompson, EA

Aug 1, 2025