Tax Policy

How the 'Big Beautiful Bill' Redefines MAGI and Complicates Tax Planning

New MAGI rules in the 'Big Beautiful Bill' broaden taxable income calculations, disrupting Roth eligibility, ACA subsidies and forcing advisors to update models and client plans.

Trump plan to make 100% tax write-off permanent could cut some taxpayers' bills by six figures

A Trump-backed measure would permanently allow 100% bonus depreciation — immediate write-offs for qualifying business assets could cut tax bills by six figures for some investors.