Tax Law Highlights: 2025
One Big Beautiful Bill Act
Since July 4 when the new tax law was signed, Americans have been wondering if it is going to have an impact on them. And if so, how?
For many households, the changes, refinements to previous legislation, and extensions of others (i.e., the 2017 Tax Cut and Jobs Act)1 have limited implications. Yes, the “One Big Beautiful Bill Act” (OBBBA)1 locked in some provisions and/or set inflation adjustments for others. Your planner should be able to make sense of it and direct you on how best to move forward in those areas that apply to you.
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