The Big Beautiful Bill Tax Provisions Will Be On The CPA Exam In 2026

Nathan Goldman, Contributor, Nathan Goldman, Contributor https://www.forbes.com/sites/nathangoldman/, Forbes

Starting July 2026, the tax provisions that changed under the One Big Beautiful Bill Act of 2025 will be tested on the CPA exam.

Trump’s latest tariffs trigger over US$6 billion in cryptocurrency liquidations

scmp.com, Biztoc.com

Cryptocurrency market traders have been hit by record liquidations just days after bitcoin hit a fresh all-time high, with volatility triggered in large part by the latest round of tariffs from US President Donald Trump. Crypto prices tumbled on Friday after …

I Asked ChatGPT How Trump’s Tax Law Could Save Retirees Thousands: Here’s What It Said

finance.yahoo.com, Biztoc.com

President Donald Trump signed into law the One Big Beautiful Bill Act over the summer, which has some tax changes that could benefit retirees struggling to manage their finances. Explore More: I Asked ChatGPT What Trump’s ‘Big Beautiful Bill’ Means for Retire…

Trump’s $2,000 Tariff ‘Dividend’ Stimulus Check Idea Could Be About To Blow Up The Bitcoin Price, Crypto And Stock Market

Billy Bambrough, Senior Contributor, Billy Bambrough, Senior Contributor https://www.forbes.com/sites/billybambrough/, Forbes

U.S. president Donald Trump has floated the idea of a $2,000 Covid stimulus check-style tariff dividend that could trigger a bitcoin price, crypto and stock market surge...

Want To Invest In a Trump Account for Your Kid? Suze Orman Would Rather See You Do This

Marc Guberti, Yahoo Entertainment

Trump Accounts offer $1,000 for eligible kids, but Suze Orman urged caution. Unclear tax rules may make Roth IRAs or brokerage accounts smarter picks.

Trump to place import taxes on drugs, home furnishings and heavy trucks

The Associated Press, NPR

President Trump said he will put import taxes of 100% on pharmaceutical drugs, 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture and 25% on heavy trucks starting on Oct. 1.

Putin said he's eying higher taxes on the rich to bankroll the Ukraine war and pointed to a precedent set by the US

Huileng Tan, Business Insider

Russia's central bank expects the economy to expand just 1% to 2% this year, down from 4.3% in 2024.

Bank of England raises alarm over new tax raid

Chris Price, Yahoo Entertainment

The Bank of England has warned that fears of another Labour tax raid are already impacting the economy as it kept interest rates on hold at 4pc.

South Korea Scraps Plans to Raise Capital Gains Tax on Stocks

bloomberg.com, Biztoc.com

EV sales are setting records ahead of the tax credit going away. It isn't helping Tesla.

Tom Carter, Business Insider

Electric vehicle sales in the US hit a record in August as buyers rushed to take advantage of the $7,500 tax credit before it ends in September.

2 boutique owners are rethinking whether their business is still viable after a long-standing tax exemption ended

Katherine Li, Business Insider

A boutique business that imports goods from Europe is facing skyrocketing costs after the de minimis exemptions ended.

The Not Exactly “No Tax On Tips” Edition

Kelly Phillips Erb, Forbes Staff, Kelly Phillips Erb, Forbes Staff https://www.forbes.com/sites/tax-breaks/, Forbes

Plus: Fantasy football winnings, tax benefits related to cars, stock options, a nod for IRS Chief Counsel, Taylor Swift tax, tax filing deadlines, and tax trivia.

India cuts consumption taxes to boost demand after Trump’s tariff blow

Al Jazeera, Al Jazeera English

Analysts say the cuts in consumer taxes is aimed at boosting demand in the wake of 50% tariffs on Indian goods.

Influencers, podcasters among jobs covered by 'no tax on tips' plan...

Fatima Hussein | The Associated Press, NBC Staff, NBC New York

Influencers, podcasters among jobs covered by 'no tax on tips' plan... (Third column, 13th story, link) Related stories:How Trump lost the podcast bros...

Team Trump Tries to Rebrand His Law Slashing Medicaid as a ‘Working Families Tax Plan’

Andrew Perez, Rolling Stone

Trump’s campaign team reportedly advised Republican lawmakers to describe the president’s “Big Beautiful Bill” as a “working families tax plan.”

Influencers are among the winners of Trump's 'no tax on tips' policy

Dan Whateley,Bryan Metzger, Business Insider

Digital content creators, alongside bartenders and waiters, will be able to deduct tip earnings from taxable income starting next year.

Ray Dalio says America’s ‘debt-induced heart attack’ will happen under Trump 2.0—and no one’s brave enough to stop it

Eleanor Pringle, Yahoo Entertainment

"I think that what is happening now politically and socially is analogous to what happened around the world in the 1930-40 period," he said.

Will Tariffs Cause Inflation? Here’s What The Past 225 Years Says

Mike Patton, Senior Contributor, Mike Patton, Senior Contributor https://www.forbes.com/sites/mikepatton/, Forbes

Will Trump's tariffs cause inflation? Here, we will examine the causes of inflation in the U.S. from 1800 to 2024. The answer may surprise you.

Trump plans a hefty tax on imported drugs, risking higher prices and shortages

apnews.com, Biztoc.com

Trump plans a hefty tax on imported drugs, risking higher prices and shortages Trump plans a hefty tax on imported drugs, risking higher prices and shortages WASHINGTON (AP) — President Donald Trump has plastered tariffs on products from almost every country …

Missing In AI Action: Tax Risk For Investors In Intellectual Property

Priya Prakash Royal Esq. LL.M. MBA AEP TEP, Contributor, Priya Prakash Royal Esq. LL.M. MBA AEP TEP, Contributor https://www.forbes.com/sites/priyaroyal/, Forbes

As AI innovation continues to grow, policies are shifting to promote development domestically, but investors often miss optimally-timed tax planning

Why PTET Elections Still Matter After The SALT Cap Increase

Robert Green, Contributor, Robert Green, Contributor https://www.forbes.com/sites/greatspeculations/people/rgreen/, Forbes

High earners lose most of the $40k SALT cap. PTET stays vital—preserving deductions, lowering AGI, and unlocking standard and charitable benefits.

State of Crypto: Unsettled U.S. Crypto Tax Scene

Jesse Hamilton, CoinDesk

As Congress still struggles to work out a crypto tax approach in the U.S., the experts handling digital assets at the IRS are heading for the exits.

The de minimis shipping rules are slated to change this week. Here's what that means for you.

Sinéad Baker, Business Insider

The de minimis tax loophole for smaller US packages is coming to an end, which could mean higher prices and some postal services pausing their work.

Trump & Congress Ending Residential And Home Improvement Tax Credits

Mike Sylvester, CPA, Contributor, Mike Sylvester, CPA, Contributor https://www.forbes.com/sites/mikesylvester/, Forbes

President Trump and Congress are eliminating billions of dollars of popular tax credits many taxpayers are accustomed to utilizing.