As we move into the heart of tax season, many taxpayers are asking: “Do the new OBBB tax law changes affect my 2025 tax return?” If your tax year ended December 31, 2025, the answer is: 👉 Some changes may apply now — and others make this year critically important for planning. The OBBB isn’t […]
Category: Tax Year 2026 Readiness
QSBS (Section 1202) Just Got Better — Here’s What Entrepreneurs Need to Know
For stock acquired after July 4, 2025: Exclusion cap increases from $10M → $15M+ (indexed) Partial exclusions available at 3, 4, and 5-year holding periods If you own or plan to invest in a startup, these rules matter. We help founders, early employees, and investors structure ownership to maximize Section 1202 benefits.
The Vehicle Loan Interest Deduction: Up to $10,000 Back in Your Pocket
Buying a new qualifying U.S.-assembled vehicle after Dec. 31, 2024? You may deduct up to $10,000 of interest—whether or not you itemize. Who qualifies? Cars, SUVs, trucks, motorcycles Under 14,000 lbs Personal-use only Loan must be secured by the vehicle We’ll help you confirm VIN eligibility and ensure the lender files the required IRS statements.
The One, Big, Beautiful Bill Is Here — What It Means for Real Taxpayers
The One, Big, Beautiful Bill Is Here — What It Means for Real Taxpayers The OBBB introduced the most sweeping tax changes in decades—bigger standard deductions, new senior benefits, enhanced credits, and income-based phaseouts that can dramatically change your refund or balance due. At CPA Mobile Tax Services, we translate new tax laws into […]