AMITY ACCOUNTING SERVICES LLC

Keywords: clean vehicle credit expiration, EV tax credit 2025, energy credit expiration The One Big Beautiful Bill accelerated the expiration of several popular energy‑related tax credits. Clean Vehicle Credit Expirations The following credits are not allowed for vehicles acquired after September 30, 2025 : New Clean Vehicle Credit (30D) Used Clean Vehicle Credit (25E) Commercial Clean Vehicle Credit (45W) If you’re considering an EV purchase, timing mattered . Home & Resid

Keywords: Trump Accounts, Working Families Tax Cuts, child investment accounts Trump Accounts are a new government‑supported investment account created to help families build long‑term savings for children. What Is a Trump Account? Established for eligible children Cannot be funded before July 4, 2026 Federal government contributes $1,000 once Annual contributions allowed up to $5,000 Employer Contributions Employers may contribute up to $2,500 per year Contributions are no

Keywords: HSA expansion 2025, telehealth HSA rules, bronze plan HSA eligibility The One Big Beautiful Bill significantly expanded HSA flexibility , making it easier for more people to qualify and use their accounts. Telehealth Before the Deductible (Permanent Rule) Starting with plan years on or after January 1, 2025 : You can use telehealth and remote care before meeting your deductible You can still contribute to an HSA This rule is now permanent This removes a major barr

Keywords: tax inflation adjustments 2026, standard deduction increase, IRS tax brackets 2026, estate tax exclusion 2026 Each year, the IRS adjusts tax limits for inflation. Under the One Big Beautiful Bill , those adjustments were expanded for 2025 and 2026 , impacting deductions, tax brackets, credits, and estate planning. Standard Deduction Increases For most taxpayers, this is the most noticeable change. Tax Year 2025 $31,500 — Married filing jointly $15,750 — Single / Ma