Here’s a simple breakdown of the new tax benefits in the One, Big, Beautiful Bill Act, all available from 2025–2028. 1. No Tax on Tips If you work in a job where tips are normally expected (based on the IRS list that will come out by Oct. 2, 2025), you can deduct up to $25,000 of reported cash or card tips. • Self-employed workers can claim it too, but not if they’re in a “specified service trade or business” (SSTB). • Employees whose employers are in an SSTB also don’t quali

The Internal Revenue Service announced that the nation's tax season will start on Friday, February 12, 2021, when the tax agency will...

What is the Recovery Rebate Credit? The Recovery Rebate Credit is authorized by the Coronavirus Aid, Relief, and Economic Security...

Round 2 of the SBA’s Paycheck Protection Program (PPP) opened on Monday, Jan. 11, 2021. For the first week of PPP2, the program is only available to small businesses applying at community financial institutions (CFIs). These lenders provide funding for small businesses in underserved communities, including minority-owned businesses that had a hard time securing funding during the initial round of PPP lending. CFIs include Community Development Financial Institutions (CDFIs),