Updated for tax year 2025. You’ve probably heard the phrase, “You can deduct that,” a lot around tax season. But […] The post Know More About Tax Deductions and Credits appeared first on .

Jump to ↓ Key provisions and changes Challenges and opportunities for tax professionals Planning opportunities Key takeaways from the One … The post One Big Beautiful Bill Act: Changes, challenges and opportunites appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

The “One Big Beautiful Bill Act” (P.L. 119-21), signed into law on July 4, 2025, introduces two major tax deductions … The post Retroactive tax law for tips and overtime demands immediate action, payroll expert cautions appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

Rather than adopt temporary policies that phase out and expire, policymakers should focus their efforts on long-term reforms to support investment.

This past spring, DC taxpayers were sidelined when the Washington Commanders announced that city aid would help fund a new stadium on the site of the vacant RFK Stadium. The $4 billion deal will be offset by a staggering $1.15 billion in public revenue.

Several major new tax breaks are scheduled to expire at the end of 2028, setting the stage for another tax fight to either extend them or allow them to expire.  

With the July 2025 enactment of the GENIUS Act and the House’s passage of the CLARITY Bill (pending in the Senate), the U.S. crypto regulatory framework is undergoing rapid evolution. Yet for traders and investors, one central question remains: Has the IRS changed how crypto is taxed? Short answer: Not generally. The IRS continues to […]

Traders and professionals win as Congress drops PTET restrictions and expands the SALT cap in final tax deal. After weeks of deliberation, revisions, and intense advocacy, the Senate and House have passed the final version of the One Big Beautiful Bill Act (OBBBA, H.R. 1), sending it to President Trump for signature on Independence Day. […]

With the Antio court decision and HB 2081 now law, day traders may be pulled into Washington’s business tax system. Before tax year 2025, traders considered their personal and trading entity accounts exempt from Washington State Business & Occupancy (B&O) tax, a revenue-based tax on businesses. What’s New Lots have changed, and we are tackling […]

Individual tax returns for 2024 are due April 15, 2025, but many active traders won’t be ready to file on time. Brokers often issue corrected 1099-Bs close to the deadline, and partnerships and S-Corps filing by March 17, 2025, may not deliver K-1s until after April 15. Add to that the complexity of wash sale […]

Section 475 MTM can convert capital gains and losses into ordinary income and losses, providing significant tax advantages. It allows traders to avoid wash-sale rules and capital-loss limitations, making it a powerful tax strategy for those who qualify. Section 475 ordinary income may also be eligible for the 20% qualified business income deduction. This summary […]

As living costs rise, many Australians are working two jobs (or multiple jobs!) to make ends meet. According to the Bureau of Statistics, 6.5% of the Australian workforce held multiple jobs in March 2025. While working two jobs can boost your income, it’s important to understand how this affects your taxes at the end of […] The post Working Two Jobs in Australia: What You Need to Know appeared first on Etax - 2025 Tax Return Online.

Stage 3 Tax Cuts in a snapshot Stage 3 tax cuts were adjusted from 1 July 2024, aiming to give a bit of a tax break to lower and middle income earners, compared to earlier tax changes that favoured workers already enjoying the biggest salaries. Compared to the original tax cuts, the new changes help […] The post Stage 3 Tax Cuts explained – what do they mean for you? appeared first on Etax - 2025 Tax Return Online.

Choosing the Right Super Option for Your Unique Needs Self-managed super funds (SMSFs) are growing in popularity and more Australians are using them to build their retirement funds. What are SMSFs, and most importantly, are they worth it? Below we compare the two most popular options, self-managed and APRA-regulated funds. Definitions What is a Self-Managed […] The post APRA Super-fund or a Self-Managed Super Fund? appeared first on Etax - 2025 Tax Return Online.