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Big Changes Ahead: What the OBBBA Means for Your Itemized Deductions

Big Changes Ahead: What the OBBBA Means for Your Itemized Deductions

The OBBBA introduces major tax changes, some starting in 2025, including elimination of the Pease limitation, increased SALT deduction caps to $40,000 through 2029, new charitable contribution floors, and temporary deductions for tips, overtime pay, and car loan interest. These complex changes require careful tax planning analysis.

Client Newsletter

Client Newsletter

The One Big Beautiful Bill Act, signed into law on July 4, 2025, could meaningfully change your tax picture — and Ohio taxpayers have even more to navigate with a new flat income tax rate taking effect in 2026. Here’s what you need to know to stay ahead of the changes and make the most of the new opportunities available to you.

What Ohio’s New $60B Budget Means for Taxpayers and Business Owners

What Ohio’s New $60B Budget Means for Taxpayers and Business Owners

Ohio’s newly signed $60 billion budget introduces significant tax changes, including a phased-in 2.75% flat income tax and maintained 3% business income tax. We are monitoring legislative developments to help keep you informed. At N&Co, we are available to provide year-round guidance to keep you compliant in Ohio’s ever-evolving tax landscape.