Tailored Accounting Services
Assets. Liabilities. Simply Balanced.
Welcome back to our series on how the One Big Beautiful Bill Act (OBBBA) is reshaping the tax landscape.
Yesterday, we covered the higher SALT deduction cap. Today, we’re focusing on a change that’s generating buzz among millions of workers: no federal income tax on tips.
It’s great news for service employees—but there’s important fine print you should know.
Welcome to our series on how the One Big Beautiful Bill Act (OBBBA) is changing the tax landscape. Over the next week, we’re exploring how this new legislation could impact your taxes—and your wallet—in practical terms.
We’re kicking things off with one of the biggest headlines from the new law: the dramatic increase in the State and Local Tax (SALT) deduction cap.
Big news for taxpayers: The One Big Beautiful Bill Act (OBBBA) has officially passed, rewriting parts of the tax code and permanently extending many of the 2017 Tax Cuts and Jobs Act (TCJA) benefits.
But while the headlines sound impressive, many people are left wondering:
What does this really mean for my taxes?
How does it help me—or not help me?
What should I be doing right now to prepare?
Over the next 7 days, I’m breaking down the OBBBA into bite-sized posts—one topic at a time—to help you see who wins, who loses, and what action you should take.
Simply Balanced Accountants is now offering Tax Planning & Advisory Services — built to go beyond filing your return and help you take control of your tax strategy all year long.
Another tax season is officially in the books! The calculators have been smoking, the coffee has been flowing, and somewhere along the way, we may have even found a deduction or two you didn’t know existed.
You’re not late—you’re right on time.
