As 2025 began, taxpayers were facing uncertainty as several key tax provisions were set to expire at year’s end. That changed on July 4, when President Trump signed the One, Big, Beautiful Bill Act (OBBBA) into law. The OBBBA brings a mix of changes that could impact both individuals and businesses. First, we’ll explore eight key areas that may affect you and your family – then we’ll review 10 areas that may impact your business.
As 2025 began, taxpayers were facing uncertainty as several key tax provisions were set to expire at year’s end. That changed on July 4, when President Trump signed the One, Big, Beautiful Bill Act (OBBBA) into law. The legislation makes many Tax Cuts and Jobs Act (TCJA) provisions permanent, introduces new tax benefits, and eliminates some existing breaks.
The OBBBA brings a mix of changes that could impact both individuals and businesses. First, we’ll explore eight key areas that may affect you and your family – then we’ll review 10 areas that may impact your business.
