Paul L. Caron
Dean
Pepperdine Caruso
School of Law
OBBBA
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The Promise and Peril of the OBBBA’s Populist Tax Breaks
With less than two weeks before Tax Day, Treasury Secretary Scott Bessent has touted the uptake of the One Big Beautiful Bill Act’s big four tax breaks for individuals: “no tax on tips,” “no tax on overtime,” “no tax on car loan interest,” and the additional deduction for seniors (which really isn’t “no tax on
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SSRN Review & Roundup: Speck Reviews Mann and Roberts’s The Long and Winding Road
This week, Sloan Speck (Colorado, Google Scholar) reviews a new work by Roberta F. Mann (Oregon, SSRN) & Tracey M. Roberts (Samford, Google Scholar), The Long and Winding Road: The Inflation Reduction Act’s Energy and Environmental Tax Credits, 78 Nat’l Tax J. 223 (2025) (download here). The Inflation Reduction Act of 2022 introduced a generational
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A Pause on Student Loan Collections for a Record Refund Season
Filing season has begun, and it promises to be a humdinger. The OBBBA’s July 2025 tax cut should send refunds soaring, as taxpayers reconcile their final liability against withholdings that largely reflect pre-change law. Savvy planners may have even lower final tax bills—and even bigger refunds—if they leveraged the OBBBA’s transition timelines to their advantage.
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Giving Tuesday 2025: Transitions and Tax Incentives
How will the One Big Beautiful Bill Act affect year-end charitable giving in 2025? While some donors have incentives to accelerate donations into the current taxable year, other donors benefit by deferring contributions to 2026. It’s time for taxpayers to build their Excel models and call their investment advisors. Details follow.
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For a Limited Time Only?: Transition Guidance for No Tax on Tips
The One Big Beautiful Bill Act created new tax exemptions for qualified tips and qualified overtime pay, both of which take effect for 2025. There’s been a lot of administrative guidance on these provisions since July, it’s not a surprise that implementing these individual tax benefits has proven challenging—and may create significant confusion for individual
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Tax Foundation: Fact Checking the Trump Administration
Americans are asking: When will people see lower taxes from the OBBBA, and how big will those spring refund checks be? And what’s the story with those $2,000 tariff refund checks? The Tax Foundation has some fact-checking on both points, with related commentary below the fold.
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TaxProf Op-Ed: Stephens on LL.M. Degrees and Student Loan Limits
This TaxProf Blog Op-Ed is by John Stephens, Director, Graduate Tax Program at NYU School of Law: On Thursday, November 6, 2025, the US Department of Education (DoE) concluded negotiated rulemaking on new student loan limitations under the One Big Beautiful Bill Act (OBBBA), which will impact graduate and professional programs. In the new year
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NYT & WSJ: Two Views on CAMT after the OBBBA
Two stories in flagship newspapers. Same topics, same day. Very different conclusions. In alphabetical order by author’s last name: