Tax Policy Alerts
As tax season begins and deadlines near, policy changes may affect you directly. Stay updated with our tax policy alerts here, and check back often. For questions, reach out to your GSG partner or email us, and we’ll connect you with the right person.
IRS releases critical guidance on calculating tips and overtime deductions for 2025
Qualified tips income & overtime remain subject to taxes where applicable
Minimize your business’s 2025 federal taxes by implementing year-end tax planning strategies
The One Big Beautiful Bill Act (OBBBA) shifts the landscape for year-end tax planning. The law has significant implications for some of the most tried-and-true tax-reduction measures. It also creates new opportunities for businesses to reduce their 2025 tax [...]
What do the 2026 cost-of-living adjustment numbers mean for you?
Understand the latest cost of living adjustments
IRS releases guidance on changes to R&E expensing
Among its numerous tax provisions, the One Big Beautiful Bill Act (OBBBA) reinstated immediate deductions for research and experimental (R&E) expenditures under Internal Revenue Code Section 174, beginning in 2025. The IRS has recently issued transitional guidance (Revenue Procedure 2025-28) on [...]
PODCAST | What You Need to Know About Tax Changes in Maryland
In this Gorfine, Schiller & Gardyn podcast interview, Patrick Hom, Director of Tax Services at GSG, breaks down the latest Maryland tax updates and changes, including those that took effect on July 1, 2025, and others outlined in the [...]
How will the changes to the SALT deduction affect your tax planning?
The One Big Beautiful Bill Act (OBBBA) shifts the landscape for federal income tax deductions for state and local taxes (SALT), albeit temporarily. If you have high SALT expenses, the changes could significantly reduce your federal income tax liability. [...]
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