ProAdvisor Tax & Accounting

The Reconciliation Bill, a.k.a. the One Big Beautiful Bill Act (OBBBA), touches nearly every corner of the tax landscape. Here are some of the biggest takeaways for taxpayers.

(Note: we are not affiliated with Charles Schwab, this article is shared for information about the OBBBA only).

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Reconciliation Bill: 8 Takeaways From the OBBBA The Reconciliation Bill, a.k.a. the One Big Beautiful Bill Act (OBBBA), touches nearly every corner of the tax landscape. Here are some of the biggest takeaways for taxpayers.

Tap the equity in your home to pay off high-interest credit cards, or to tackle that home improvement project you've been wanting to do.

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How a Home Equity Line of Credit (HELOC) Works You can use home equity to pay off high-interest debt or improve your home, but it’s important to understand the risks.

13 Things Medicare Gives You for Free Medicare beneficiaries often pay monthly premiums, copays, annual deductibles and prescription drug costs. But what you may not know is that some services don’t cost anything at all.

Know the ins and outs of reverse mortgages. It's not just "free money"!

What Is a Reverse Mortgage (and Should You Ever Get One)? A reverse mortgage is a unique type of loan where instead of making monthly payments to the lender, you receive money from the lender. However, it's crucial to understand that a reverse mortgage is not free money and comes with several important considerations.

Having a higher credit score has many advantages.

This Is the Easiest Way to Raise Your Credit Score Fast Getting a higher credit score may be faster and easier than you'd expect. Learn a proven method that could raise your credit score within one month.

It's important to pay off debts as quickly as possible. There are some options to manage student loan debt.

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How Long Does It Take to Pay Off Student Loan Debt? How long it takes to pay off student debt depends on the payment plan you choose, among other factors. Find out how long typical repayment plans last and how to get out of debt faster.

Do Tax Brackets Include Social Security? A portion of Social Security benefits are subject to taxation, and they can affect your tax bracket as part of ordinary income.

Should You Refinance Federal Student Loans Now That Payments Are Back? With high interest rates, refinancing doesn't add up for most federal borrowers.

Some good tips and strategies to deal with debt collectors

How to Negotiate with Debt Collectors Money explains how to negotiate with debt collectors.

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Understanding the Ripple Effect: How Filing for Bankruptcy Affects Tax Debt Bankruptcy's effect on tax debt varies by type and timing. Chapter 7 can discharge eligible income tax debt if certain