The One, Big, Beautiful Bill Act (OBBBA)
On July 4th, 2025, The One, Big, Beautiful Bill Act (OBBBA) was signed into law. The OBBBA has many changes to individual and business taxation. It made permanent many tax laws that were scheduled to expire, accelerated the expiration of other tax laws, and created new tax laws. Some of these will impact the 2025 filing season, while others are set to take effect for tax years beginning after 12/31/25.