Tag Archives: One Big Beautiful Bill Act

Tax Law Changes in OBBBA May Require New Planning Strategies for Non-Grantor Trusts, Estates and Their Beneficiaries By Patricia Giarratano, CPA

Posted on September 01, 2026 by Patricia Giarratano

Included in the Joint Committee on Taxation’s (JCT’s) recently released Blue Book report, lawmakers clarify a provision in the One Big Beautiful Bill Act (OBBBA) that introduces new limits on itemized deductions claimed by taxpayers in the top tax bracket and extends them to non-grantor trusts and estates for the first time. The result could […]

Limits to Employer Deductions for Certain Meals in 2026 by Richard E. Cabrera, JD, CPA

Posted on July 13, 2026 by Richard Cabrera

Businesses generally lose two valuable tax deductions for the costs of meals they provide to their employees after Dec. 31, 2025. This includes the costs of most meals provided at an employer’s convenience and meals provided at company-operated dining facilities, unless a specific exception applies. Background The Tax Cuts and Jobs Act (TCJA) of 2017 […]

More Taxpayers Qualify to Participate in Health Savings Accounts in 2026 by Anthony Gutierrez, CPA

Posted on May 29, 2026 by Anthony Gutierrez

The One Big Beautiful Bill Act (OBBBA), enacted in 2025, expands taxpayers’ eligibility for health savings accounts (HSAs), allowing more people to save and pay for qualifying medical expenses through these triple-tax-advantaged accounts. With an HSA, contributions by qualifying taxpayers via payroll deductions are not subject to federal income tax, whereas self-funded contributions are tax-deductible […]

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