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IRS Promises Employer Transition Relief for Tips and Overtime Deductions

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On July 14, the IRS released initial explanations (FS-2025-03) of the new deductions for tips, overtime, and auto loan interest, while pledging to quickly release more substantial guidance.

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Lawmakers Discuss Year-end Tax Priorities

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Lawmakers Discuss Year-end Tax Priorities

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Several lawmakers have floated ideas for tax priorities for the rest of 2025, but the contentious political climate and lack of any obvious legislation vehicles will make enactment of a second tax package difficult.

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Texas Announces Tax Relief Following Hill Country Flooding

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Texas Announces Tax Relief Following Hill Country Flooding

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After July 2025 flooding, Texas declared disaster areas and announced tax relief, including deadline extensions and property tax exemptions for affected counties. See if you qualify and how to apply before the October 18, 2025 deadline.

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OBBB Is Final: What’s Next for Asset Managers?

July 22, 2025
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OBBB Is Final: What’s Next for Asset Managers?

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The OBBB has mostly favorable provisions for asset management, with varying implications for asset managers, portfolio company investments, and investors. Read the insight for a full rundown, including key planning opportunities and challenges.

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