Year End Look at The One Big Beautiful Bill Act
December 09, 2025Let’s Review the New Tax Changes and Financial Notes from the OBBBA On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was signed into law by President Trump, capping off the final step of the budget reconciliation process for the 2025 fiscal year. Here is a partial list of goals and benefits that… Read more »
Federal Government Issues Guidance on Trump Accounts
December 09, 2025New Details About the Investment Accounts for Newborns a.k.a. Trump Accounts The Federal government has released information on how “Trump Accounts” work. The Treasury Department and the Internal Revenue Service are addressing certain initial questions about creating initial and rollover accounts, which are a new type of IRA. Jointly, the Department of the Treasury and… Read more »
Estate Planning for Young Families
December 09, 2025Young Families Estate Planning Made Easy Estate planning is not solely about wealth distribution-it’s about ensuring that you and your family’s needs are met in unforeseen circumstances. Beyond retirement, estate planning is one of the most important financial decisions a family can make, made even more difficult by the emotions driven by contemplating one’s own… Read more »
Why Every Adult Needs an Estate Plan — Not Just the Wealthy
November 15, 2025Planning for the future is often something people postpone, assuming it matters only to those with significant assets or complex financial portfolios. In truth, every adult, regardless of income, age, or family structure, should have an estate plan. An estate plan determines what happens to your assets, your dependents, and even your healthcare if you… Read more »
Hooray for Three Decades of Amazing Work!
October 29, 2025Cheers to 30 Years! Our Firm Celebrates Three Decades of Providing Legal Service In 1995, Amazon sold its first book, DVDs were introduced, and Anthony J. Madonia & Associates, Ltd. was founded. It has been a wild ride ever since. Five different offices, many different lawyers and paralegals, the introduction of Zoom court and e-signing… Read more »
Smart Year-End Tax Strategies for Business Owners
October 15, 2025As the year draws to a close, business owners have a limited window to make financial decisions that can reduce their tax burden and strengthen their financial position for the coming year. Reviewing income, expenses, and investment opportunities before December 31 can lead to significant savings and smoother operations. Working with a qualified advisor who… Read more »
Do You Qualify for Legacy Nutrient Deductions (LNDs)?
August 19, 2025An Introduction to Legacy Nutrient Deductions Agricultural landowners are familiar with the application of depreciation for fencing; irrigation system etc. yet fewer farmers are aware of legacy nutrient deductions (LNDs). This opportunity credits the depreciation of the value of the soil nutrients that were present in the land at the time of acquisition or inheritance…. Read more »
New Tax Code for Sale of Farmland Property
August 19, 2025Capital Gain from the Sale of Farmland Property to Qualified Farmers New section 1062 has been added to the Internal Revenue Code (IRC), focusing on the gain from the sale or exchange of qualified farmland property to qualified farmers. This new IRC Section 1062 was added by the One Big Beautiful Bill Act of 2025,… Read more »
Safeguard Your Retirement Plan From Boomerang Kids
August 19, 2025Recent Study Shows Many Adult Children Moving Back Home-Could Impact Retirement Plans A recent study from Thrivent shows that 46% of adults ages 18 to 35 have moved back in with their parents. Nearly two in five (38%) of boomerang parents who have had their children move back home say financially supporting their adult children… Read more »
AJM&A Known for Expert Tax and Legal Advice and Really Good Pens
July 18, 2025Our Firm is Here to Help from Legal Advice to Free Pens We were so excited to receive a note from Tony’s former flying instructor. Not only was he thinking about us, but he was also using our lovely AJM&A pen to sign the contract for his new airplane. In a world where there are… Read more »