Christopher A. Jones

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On January 23, 2026, the Department of Treasury and the Internal Revenue Service (IRS) issued Fact Sheet 2026-01, providing answers to frequently asked questions (FAQs) about the new “Deduction for Qualified Overtime Compensation” created by the One Big Beautiful Bill Act (the OBBBA).

The OBBBA created the Deduction for Qualified Overtime Compensation to allow individuals to claim a federal income tax deduction for certain qualified overtime compensation for the 2025 to 2028 tax years.… Continue Reading

On Friday, July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (OBBBA). This alert provides a high-level summary of the provisions in the OBBBA impacting individuals.

As described below, the OBBBA made permanent (with some modifications) many provisions of the Tax Cuts and Jobs Act of 2017 (TCJA) otherwise set to expire at the end of this year.… Continue Reading

On April 1, 2025, the American Alliance for Equal Rights (“AAER”) filed complaints with the Internal Revenue Service (“IRS”) alleging three tax-exempt private foundations—the Gates Foundation, the Lagrant Foundation and the Creative Capital Foundation—have engaged in racial discrimination by excluding white citizens from benefits and opportunities based on their race. Each complaint requests that the IRS open an investigation into the activities and tax-exempt status of the foundations.… Continue Reading

The current draft of the Tax Relief for American Families and Workers Act of 2024 includes a proposed provision that would dramatically accelerate the deadline to file claims for the Employee Retention Credit (ERC) to January 31, 2024.  The ERC is a much-scrutinized refundable tax credit of up to $26,000 per employee for certain wages paid by employers between March 12, 2020, and before October 1, 2021. … Continue Reading

In a 3-2 decision in Zilka v. Tax Review Board, the Pennsylvania Supreme Court upheld the Commonwealth Court and sided with the City of Philadelphia Department of Revenue in a case addressing whether a City resident was entitled to a credit for state-level taxes paid to Delaware.

During the tax years at issue, the taxpayer was a resident of Philadelphia who worked full-time in Wilmington, Delaware. … Continue Reading