HIVE TAX AI
Lotus Li
Lotus Li is a CPA who has transformed 20 years of professional experience into building products with a mission to simplifying everyone’s tax journey. She is passionate about bringing cutting-edge AI into the world of tax and finance and is deeply immersed in designing, building, and launching innovative AI-powered tax solutions.
The New 0.5% AGI Floor for Itemized Deductions Under OBBBA: What Tax Professionals Need to Know
The One Big Beautiful Bill Act (OBBBA) introduces a 0.5% AGI “floor” on itemized deductions—an important shift for taxpayers and advisors alike. This blog explores what this new threshold means, who it affects, and how tax professionals can leverage AI tax research...
New AGI Percentage Limits for Charitable Contributions Under the One Big Beautiful Bill Act (OBBBA): What Tax Pros Need to Know
The One Big Beautiful Bill Act (OBBBA) brings major changes to the AGI percentage limits for charitable contribution deductions. Key provisions introduce a 0.5% AGI “floor” for individual deductions and a 1% floor for corporations, impacting how much taxpayers can deduct for charitable gifts.
Empowering Non-Itemizers: The Above‑the‑Line Charitable Deduction in the One Big Beautiful Bill Act
A game‑changer for everyday donors: beginning in 2026, the One Big Beautiful Bill Act introduces an above‑the‑line charitable deduction—allowing non‑itemizers to deduct up to $1,000 (single) or $2,000 (joint) for cash contributions without itemizing.
How does the new law affect itemized deductions, especially for medical expenses and mortgage interest under the One Big Beautiful Bill?
The One Big Beautiful Bill introduces significant changes to the itemized deduction framework that will fundamentally alter how taxpayers calculate their tax liability.
What are the new rules for deducting auto loan interest, and who qualifies under the One Big Beautiful Bill?
The One Big Beautiful Bill introduces a significant new tax benefit that allows taxpayers to deduct interest paid on qualifying auto loans for personal use vehicles
What is the new amount and eligibility criteria for the Child Tax Credit under the One Big Beautiful Bill?
The One Big Beautiful Bill introduces significant enhancements to the Child Tax Credit that build upon the existing framework while providing increased benefits and permanent provisions.
Has the standard deduction changed, and are personal exemptions still eliminated under the One Big Beautiful Bill?
The One Big Beautiful Bill introduces significant and permanent changes to the standard deduction structure that build upon the temporary increases established by the Tax Cuts and Jobs Act
What are the new individual income tax brackets under the One Big Beautiful Bill?
The One Big Beautiful Bill represents a comprehensive tax reform proposal that fundamentally restructures the individual income tax system. Based on the available documentation, this legislation introduces significant changes to tax brackets, rates, and various deductions that would affect millions of American taxpayers.
Updating a High-Earner’s Multi-Year Tax Plan Under OBBBA with Hive AI Tax Planning Assistant
Jonathan and Lisa were proactive—under their CPA’s guidance, they previously implemented a comprehensive, multi-year tax plan specifically designed to address the sunset of the Tax Cuts and Jobs Act (TCJA)
Unlocking SALT Planning Opportunities Under the One Big Beautiful Bill Act (OBBBA)
The One Big Beautiful Bill Act (OBBBA) reshapes the federal tax landscape—including key reforms to the State and Local Tax (SALT) deduction cap.