Qualified Production Property (QPP) allows companies that build their own plants to immediately deduct expenses.

ITAT Ahmedabad held that law doesn’t require brought forward additional depreciation from preceding year to be set off against opening WDV of the assets. Thus, revision u/s. 263 of the Income Tax Act ...

Steven Nickolas is a writer and has 10+ years of experience working as a consultant to retail and institutional investors. Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee ...

On July 4, 2025, President Trump signed Republicans’ One Big Beautiful Bill Act (OBBBA) into law. In addition to ...

The recently enacted One Big Beautiful Bill Act (2025) has shifted some timelines on tax policies, and our expert highlights ...

Congress did not simply extend the Tax Cuts and Jobs Act provisions starting in 2026 with the One Big Beautiful Bill Act; it also modified some of those provisions effective in 2025.

Mercury reports the One Big Beautiful Bill Act introduces tax changes benefitting ecommerce, like a permanent 20% deduction and higher 1099 thresholds.

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

This provision started in 2017, from Trump’s Tax Cuts and Jobs Act, and was previously set to start phasing out in 2023. “If I had to trade off the alternative fuel tax credit versus bonus ...

As of September 15, around 7.08 crore ITRs have been filed, while around 6 crore ITRs have been e-verified. Previously, the ...

Business owners have a lot to unpack in the One Big Beautiful Bill Act (OBBBA). Here’s how it incentivizes the C-corp structure, particularly in growth-focused businesses. The OBBBA solidifies the 21% ...

Despite a challenging quarter with a 6% drop in total sales, CarMax Inc (KMX) focuses on strategic cost reductions and market ...