Ong & Company Blog

One Big Beautiful Bill Act Update Series: Child & Adoption Tax Credit

The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4th, 2025. One key change included as part of the tax bill is the expansion and enhancement of the Child & Adoption Tax ...

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One Big Beautiful Bill Act Tax Update Series: Bonus Senior Deductions

Justin Joo / August 13, 2025 /

Tax Planning, Tax Deductions

The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4th, 2025. One key change included as part of the tax bill is the creation of the Bonus Senior Deduction—an enhanced tax benefit ...

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One Big Beautiful Bill Act Update Series: SALT Deduction Increase

The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4th, 2025. One key change included as part of the bill is a temporary increase to the cap on state and local taxes (SALT) that can ...

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One Big Beautiful Bill Act Update Series: No Tax on Tips

The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4th, 2025. One key change included as part of the tax bill is a new federal law that allows tipped workers to deduct up to $25,000 ...

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One Big Beautiful Bill Act Update Series: Trump Accounts

The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4th, 2025. One key change included as part of the bill is the creation of new Trump accounts - a form of Individual Retirement ...

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One Big Beautiful Bill Act Tax Update Series: No Tax on Overtime

The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4th, 2025. One key change included as part of the tax bill is a new deduction for qualified overtime pay received for tax years ...

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One Big Beautiful Bill Act

Nick Ong / July 06, 2025 /

Tax Planning, Tax Deductions

The highly anticipated One Big Beautiful Bill was signed into law on the 4th of July by President Donald Trump. The bill extends many of the expiring provisions from the Tax Cuts and Jobs Act (TCJA), ...

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New Way To Pay Down Student Loans

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IRS Proof of Payment Requirements

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Five Year End Tax Reminders

Here are five tax saving ideas that can be used by most taxpayers. But act soon, there's not much time left until our tax year comes to an end....

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