From Bob Jennings at TaxSpeaker. Check out more at taxspeaker.com In layman’s terms nearly ½ of all non-government workers work in small business, and nearly ½ of our country’s economic output comes from small business. On a daily basis we see cities and states granting incredible tax benefits to large corporation. If you think about it, who is paying that subsidy? Small business, which gets no tax abatements, matching grants, gifts or government aid. Very few states offer any incentive,...

From Bob Jennings at TaxSpeaker. Check out more at taxspeaker.com The One Big Beautiful Bill Act (OBBBA), Public Law 119-21, signed July 4, 2025, created four new above-the-line deductions for individual taxpayers, effective for tax years beginning after December 31, 2024, and expiring after December 31, 2028. Congress codified these deductions in new Internal Revenue Code sections §224 (qualified tips), §225 (qualified overtime), and new provisions under §163(h)(4) (vehicle loan interest)...

From Bob Jennings at TaxSpeaker. Check out more at taxspeaker.com The number one question in America regarding Social Security is “At what age should I sign up?” Bluntly, no one can answer that question except you. Your answer should be based on your analysis of the three factors that determine when you should draw: genetics; personal health; and financial need. The choice to draw at age 62 or waiting until 70 may be the wisest or worst financial decision you will ever make, depending on...