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New Jersey CPA asked New Jersey’s Democratic gubernatorial candidate Rep. Mikie Sherrill and Republican nominee Jack Ciattarelli to provide comments on their top priorities for the state; what can be done to attract and retain businesses; taxes; pensions; and how to improve the state’s economic well-being. Here's what they said.

Per the OBBBA, the new exemption will be a permanent change, which will remove the uncertainty that existed with the potential sunsetting of the TCJA exemptions and create a higher baseline for tax-free wealth transfers going forward. However, planning for the exemptions to be permanent forever may be shortsighted.

As the profession continues to evolve, the case for majoring in accounting remains solid. For students who want a career that combines analytical thinking, business insight, adaptability and upward mobility, accounting offers a compelling and enduring path.

This year is turning into a landmark year for crypto, and CPAs who act now will define the future of audit and assurance in digital finance. Staying ahead means not only understanding the latest rules, but also clearly guiding clients through them.

Whether CPAs aspire to become CFOs, lead a grants compliance team or serve as a board treasurer for a favorite cause, accounting paves the way. If young CPAs are looking for a way to combine their professional training with purpose, know this: their skills already hold the key.

Beginning in tax year 2025, a new federal tax policy will allow millions of hourly workers to deduct a portion of their overtime pay and cash tips from their taxable income — potentially reducing their annual tax bills by thousands of dollars.