Accounting, Tax & Advisory Experts

OBBBA (One Big Beautiful Bill Act) created a new senior tax deduction designed to provide extra relief for taxpayers age 65 and older. This deduction will be available for tax years 2025 through 2028, offering meaningful savings for qualifying individuals and couples.

Beginning December 24, 2025, the United States Postal Service (USPS) implemented updated postmark procedures that could affect time-sensitive mail—including tax returns, ballots, and bill payments.

The “One Big Beautiful Bill” introduced many new tax incentives for 2025. One of the anticipated deductions involves the purchase of a new American-made automobile. However, there are several stipulations attached to this deduction that must be followed in order to take advantage of it beginning with the 2026 filing season.

As our parents age, we may find it necessary to help them with their financial affairs. Here are some practical steps to consider: