The new tax legislation, part of the "One Big Beautiful Bill", includes a temporary tax break for overtime pay, allowing eligible workers to deduct a portion of their overtime earnings from their ...

TULSA, Okla. – The Nevada Congressional delegation and professional gamblers have taken to social media and the halls of Congress to sound the alarm on what they say is an ugly tax provision tucked ...

On July 4, 2025,, the One Big Beautiful Bill Act (OBBBA) became law. The Act itself was almost 1,000 pages. It made many of the provisions of the 2017 Tax Cuts and Jobs Act permanent and included new ...

A draft House version of the massive GOP tax and budget bill would make some expiring tax cuts permanent. Other goodies, including a bigger child tax credit and tax breaks for tips and overtime, are ...

ATLANTA, May 29, 2025 (GLOBE NEWSWIRE) -- Lucasys, the leading tax software and service provider for energy and utilities, announces the release of its Tax Provision software solution. Purpose-built ...

WASHINGTON − What happens in Vegas will be staying more with the IRS from now on. That’s because of an obscure provision to reduce the tax deduction for gambling losses, which Congress recently ...

In this episode of Tax Notes Talk, Tax Notes Capitol Hill reporters Cady Stanton and Katie Lobosco explore the final version of the One Big Beautiful Bill Act that President Trump signed into law on ...

A gambling tax provision in President Trump’s megabill that passed Congress earlier this month is ruffling feathers on both sides of the aisle. Tucked into the approximately 1,000-page tax and ...

The Omnibus Big and Beautiful Bill Act (OBBBA) represents a significant shift in the U.S. tax landscape, cementing key provisions from the 2017 Tax Cuts and Jobs Act (TCJA) into permanence. By doing ...

WASHINGTON (AP) — Congressional Republicans agreed to remove the so-called revenge tax provision from President Donald Trump’s big bill on Thursday after a request by Treasury Secretary Scott Bessent.

Withum partner Brian Lovett, CPA, CGMA, J.D., is the guest on this week’s episode of the Journal of Accountancy podcast. Lovett is scheduled to speak at the AICPA Construction & Real Estate Conference ...