Our Inaugural Blog: Celebrating a New Website & a New Law

Written By natalie fuson

It seems fitting that our first blog post on the new website highlights historic new legislation—signed into law by President Trump on Independence Day 2025!

The One Big Beautiful Bill Act (OBBBA) is being called a significant extension of the 2017 Tax Cuts & Jobs Act (TCJA), much of which was set to expire at the end of 2025. The Individual Provisions section of the OBBBA is widely considered tax relief for middle-class families and working individuals—which includes most of us.

What’s “Sunsetting” Soon?

The OBBBA begins phasing out some popular tax credits and deductions—so you may need to revisit your timeline if you're planning certain purchases or investments.

Electric Vehicle (EV) Tax Credits

  • Credits for new, used, and commercial EVs will start to phase out after September 30, 2025.

Residential Clean Energy Tax Credits

  • These credits (for items like solar panels and other residential energy-efficient upgrades) will begin phasing out after December 31, 2025.

Say Goodbye to These Deductions After 2025

The OBBBA terminates several popular miscellaneous deductions starting with the 2026 tax year, including:

  • Unreimbursed employee expenses

  • Investment advisor fees

  • Union dues

  • Tax preparation fees

  • Hobby-related expenses

  • Safe deposit box fees

A Big Win for Educators!

We’re thrilled to share some great news—Educator Expenses deductions are here to stay, and they're getting even better.

Starting with the 2026 tax year, there will no longer be a dollar cap on educator expenses. And the definition of who qualifies has been expanded!

What's new:

  • Coaches and interscholastic sports administrators are now included

  • Non-athletic supplies used in instruction are now deductible

  • Out-of-pocket costs for instructional activities outside of the traditional classroom also qualify

This is a huge win for K–12 teachers, coaches, and administrators. Make sure you begin tracking expenses and saving receipts starting January 1, 2026!

More to come soon as we dive deeper into what the OBBBA means for small businesses, families, and retirement planning. Until then, keep an eye on our website, Facebook, and Instagram for timely updates!

natalie fuson