News and Highlights

A key tax reform in the One Big Beautiful Bill Act of 2025 (OBBBA) encourages investment in small and emerging businesses by allowing founders and investors to reduce or eliminate tax on the capital gains from such investments. Specifically, the OBBBA expanded the definition of Qualified Small Business Stock to include more businesses and allow a greater exclusion — up to $15 million per investor, per company.

On June 5, the Supreme Court issued a decision in Ames v. Ohio Department of Youth Services, a case that has been closely watched by employers and employees alike. In Ames, the plaintiff was a heterosexual woman who alleged that she was discriminated against because she was passed over and demoted by her employer in favor of homosexual employees.

Becoming a parent is a wonderful adventure, and new parents have their hands full with learning how to parent. As emotional and stressful as it is to think about who will take care of their children in the event of their untimely deaths, parents should have a plan in place. In this episode of Simply Money, Mark Reckman outlines basic things that parents should know and should think about when going about the process of nominating a guardian for their children.