• Trump Accounts introduced under the One Big Beautiful Bill Act (OBBBA)

    • January 21, 2026
    • Posted by: Orkun Ozkaymak, CPA, MBA
    • Categories: Blog, Community Outreach, News
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    Trump Accounts (under new IRC Section 530A) are a specialized type of traditional individual retirement account (IRA) designed for minors. They allow contributions from parents, guardians, relatives, employers, and certain other sources, with investments focused on low-cost U.S. equity index funds (e.g., those tracking the S&P 500) to promote strong compound growth.

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  • Navigating the One Big Beautiful Bill Act (OBBBA): A Transportation Tax Expert’s Guide to 2025-2028

    • November 18, 2025
    • Posted by: Orkun Ozkaymak, CPA, MBA
    • Categories: Blog, Community Outreach, News
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    The OBBBA delivers permanent changes that can reduce your 2025 tax liability by 20-30% if implemented correctly.

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  • 100% Bonus Depreciation Under OBBBA

    • October 26, 2025
    • Posted by: Orkun Ozkaymak, CPA, MBA
    • Categories: Blog, Community Outreach, News
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    Entrepreneurs in livery services, think taxis, limousines, and ride sharing fleets, and trucking/logistics companies, take note: The One Big Beautiful Bill, signed into law on July 4, 2025, has reinstated 100% bonus depreciation as a permanent fixture in the U.S. tax code.

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  • Understanding the New Auto Loan Interest Deduction

    • October 8, 2025
    • Posted by: Orkun Ozkaymak, CPA, MBA
    • Categories: Blog, Community Outreach, News
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    The OBBBA revives a form of personal auto loan interest deductibility, not seen since the 1980s, to encourage new vehicle purchases while supporting U.S. manufacturing. This above-the-line deduction, reported on Schedule 1 (Form 1040), can be claimed whether clients itemize or take the standard deduction. It covers interest paid on loans for new, U.S. assembled passenger vehicles, capped at $10,000 per year, with excess interest carrying forward within the 2025–2028 period. The Joint Committee on Taxation estimates this provision will cost the Treasury $31 billion, underscoring its value for taxpayers.

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