A letter of instruction could be just as important as a will in helping loved ones settle an estate and move forward with their lives.

These plans have generous contribution limits that increase with age, which may allow high-income business owners to catch up on retirement savings and significantly reduce their taxable incomes.

The One Big Beautiful Bill Act (OBBBA) provides an annual deduction of up to $10,000 for interest paid on qualifying new auto loans, effective for tax years 2025 through 2028.

Here are three important tax provisions from the OBBBA that should provide certainty and stability for small businesses.