Selling a Term Life Insurance Policy? Know the Tax Traps!
When you sell or transfer a term life policy, it can trigger taxable income, limit the tax-free portion of death benefits, and offer no deduction if the policy expires. Always check the transfer-for-value rule before making a move!

Source: bradfordtaxinstitute.com/Content/Selling-a-Term-Life-Insurance-Policy-Creates-Thorny-Tax-Issues.aspx

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Give smarter, not harder! If you’re 70½ or older, Qualified Charitable Distributions (QCDs) from your IRA let you donate directly to charity tax-free—and even count toward your RMD. Thanks to the One Big Beautiful Bill Act (OBBBA), the 2025 limit is up to $108,000 per person and offers even bigger tax breaks. A win for you and your favorite cause!

Source: bradfordtaxinstitute.com/Content/OBBBA-Secret-Gift-Bigger-Tax-Breaks-for-QCDs-from-Your-IRA.aspx

For any questions and clarifications, please feel free to contact us through the given details below.

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Did you know? Filing your California Statement of Information with CPS means less stress, fewer errors, and reliable compliance — all with local Castellon expertise.

Contact us today for inquiry!

Starting in 2025, the OBBBA makes it easier for businesses to deduct interest expenses—thanks to a more generous ATI calculation and expanded floor plan financing rules. More deductions, better planning.

Source: bradfordtaxinstitute.com/Content/Beginning-in-2025-OBBBA-Eases-Business-Interest-Deduction-Rules.aspx

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New IRS Rule: Up to $25,000 in Tip Income Can Be Tax-Free (2025–2028) — But Only If Your Job’s on the List!

Source: bradfordtaxinstitute.com/Content/Does-the-IRS-List-You-as-Qualifying-for-the-Tips-Deduction.aspx

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New Tax Break for Tipped Workers (2025–2028): Deduct up to $25,000 in tip income if you work in a qualifying tipped job. Applies to waitstaff, drivers, barbers, and more — but not professionals like doctors or lawyers. Voluntary tips only; service charges don’t count.

Source: bradfordtaxinstitute.com/Content/OBBBA-What-to-Know-about-No-Tax-on-Tips.aspx

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Missed Your 2025 Estimated Tax Payments? Here’s the One Perfect Strategy to Instantly Wipe Out IRS Penalties — No extra tax, no stress.

Source: bradfordtaxinstitute.com/Content/Learn-How-to-Beat-2025-Estimated-Tax-Penalties-Instantly-Today.aspx

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New for Sept 2025: Download your OBBBA-updated Tax Guide — everything you need to navigate this year’s new tax rules!

Get your copy here: bradfordtaxinstitute.com/tools/2025-Tax-Reference-Guide.pdf

Source: bradfordtaxinstitute.com/Content/Download-Your-2025-Desktop-Tax-Resource-Guide-Updated-for-OBBBA.aspx

Did you know? Under the new One Big Beautiful Bill Act (OBBBA) (2025–2028), eligible workers may deduct up to $25,000 in tip income and $12,500 in overtime from their federal taxable income.
Tip: This doesn’t apply to all jobs—and limits phase out if you make over $150,000/year. Learn the full details before filing.

Source: No Tax on Tips and Overtime: What You Need to Know

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Starting in 2026, the One Big Beautiful Bill Act (OBBBA) makes the Section 45S tax credit permanent, expands eligibility, allows credit for insurance premiums, and integrates state-mandated leave into policy compliance—though not into credit calculations. Employers should reassess their leave policies to maximize tax benefits under the new rules.

Source: KPMG report: OBBBA changes to section 45S employer credit for paid family and medical leave

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New Law Supercharges 529 Plans: Now Covers Career Credentials, Continuing Ed, and More K–12 Costs

Source: bradfordtaxinstitute.com/Content/OBBBA-Gives-Section-529-Plans-a-Makeover-That-You-Will-Like.aspx

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