Key Tax Credits for Individuals Slated to End in 2025

The “One Big Beautiful Bill Act” (OBBBA) signed into law on July 4, 2025, accelerates the expiration of several major clean energy tax incentives originally created under the Inflation Reduction Act (IRA). Below is a breakdown on what is changing and when. Residential Clean Energy Credit 30% credit for new solar panels, wind systems, geothermal […]
House Passes Amended Budget Reconciliation Bill: Key Tax Changes for 2025 and Beyond

Accavallo & Company CPAs | May 27, 2025 On Thursday, the U.S. House of Representatives narrowly passed an amended version of the budget reconciliation bill, officially titled the One Big Beautiful Bill Act (H.R. 1). The bill now moves to the Senate for further consideration. The final House vote came in at 215-214, with one […]