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 […]
Tax Planning Considerations in Light of the 2024 Election: What You Need to Know as a Taxpayer

With Donald Trump poised to return to the White House next January, tax planning will be a top priority as his administration looks to fulfill campaign promises related to tax reform. One of the most pressing issues will be the expiration of key provisions from the 2017 Tax Cuts and Jobs Act (TCJA). This law […]