In recent months, Donald Trump  and some supporters have stated that the new tax law eliminates federal income taxes on Social Security benefits. The phrase “no taxes on Social Security” suggests that all taxation of Social Security income has been removed for everyone. However, a review of the law itself and expert analysis shows that this is not exactly the case . What Has Been Claimed Public statements have suggested that Social Security benefits are no longer subject to f

We’re pleased to announce that the One Big Beautiful Bill Act (OBBBA) has recently been enacted. This legislation streamlines the way certain federal payments are made, reducing complexity and enhancing transparency for individuals and businesses alike. At Bass Accounting and Tax Services-CPA, LLC, we’re committed to staying ahead of moving parts in tax and regulatory policy — and we’re here to guide you through any implications this new law may have on your tax planning, ca