ONE BIG BEAUTIFUL BILL ACT: NEW TAX CHANGES FOR INDIVIDUALS

The One Big Beautiful Bill Act was signed into law on Friday, July 4, 2025. The law brings with it new tax provisions and extends and makes permanent many of the expiring provisions from the Tax Cuts and Jobs Act of 2017 (TCJA).

Tax professionals are still studying and digesting this new act, here I’ll highlight some of the key provisions affecting our individuals clients this year.