On July 4, 2025, Congress passed and signed into law the One Big Beautiful Bill Act—the most extensive tax overhaul in years. Many of its provisions are retroactive to the 2025 tax year and introduce powerful planning opportunities for both individuals and business owners.

Many individuals turn their passions into side projects—whether that’s baking custom cakes, selling handmade goods online, or offering consulting services. But when it comes to taxes, it’s important to know: Is this activity a hobby, or is it a business?

The Tax Cuts and Jobs Act (TCJA) of 2017 brought sweeping tax changes—but many of them are temporary. If Congress does not act to extend key provisions, most individual tax cuts will expire on December 31, 2025, and revert to 2017 law starting in 2026.

Here’s what’s changing—and who’s most at risk of paying more.

The IRS 2025 Dirty Dozen: Top Tax Scams to Avoid

Each year, the IRS releases its "Dirty Dozen" list, highlighting the most prevalent tax scams and schemes that pose risks to taxpayers. The 2025 list emphasizes the importance of vigilance, especially during tax season.

Retirement Tax Prep Checklist: What to Consider Before You Draw a Dime

Avoid costly missteps and get tax-smart before you start tapping your retirement savings.