The CPA Group ClientLine Newsletter

The CPA Group, P.C.

4267 Canal Avenue SW

Grandville, MI 49418

Phone: 616-538-0460

January 2026

What are "Trump Accounts"?

Introduced in the One Big Beautiful Bill Act (OBBBA), these are governmentfunded investment accounts designed to help children build wealth from birth. Children born between January 1, 2025, and December 31, 2028, who are U.S. citizens and have a Social Security number, are eligible to receive a one-time $1,000 deposit from the U.S. Treasury to start the account.

Business Deductions

OBBBA makes permanent the deduction for qualified business income (QBI) under Section 199A of the Internal Revenue Code as enacted initially by the Tax Cuts and Jobs Act (TCJA) — generally equal to 20% of a non-corporate taxpayer's aggregate QBI, subject to certain adjustments.

Ways to Trim Tax on Investments

Minimize taxes. Maximize returns. Knowing how to manage taxes can significantly enhance your overall financial strategy, helping you retain more of your hard-earned income.

January 2026 Client Profile

Robert and Linda, a married couple, want to reduce the size of their taxable estate while helping their family financially. They have three children and one grandchild. By using their annual gift tax exclusion, each spouse can give up to $19,000 per recipient in 2026 without triggering gift taxes.

Family Tax Credits

In 2026, there are some changes to the credits related to families and children, most notably the Child Tax Credit and the Child and Dependent Care Tax Credit. These credits include a phase-out structure based on certain income thresholds.

January 2026 Q and A

Let's talk about tax on fringe benefits.

Understanding EBITDA

EBITDA, or Earnings Before Interest, Taxes, Depreciation, and Amortization, is a financial metric used to evaluate a company's operating performance.

Which States' Taxpayers Will Get The Biggest Breaks From OBBBA?

In a recent report, the Tax Foundation estimated the average change in taxes paid relative to prior law across each state and county from 2026 through 2035.

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