The “One Big Beautiful Bill Act” (OBBBA) introduces several important tax changes for businesses starting in 2025. Here’s a simplified summary of the key provisions: Depreciation & Expensing Research & Development Energy & Clean Technology Credits (Ending Soon) Other Business Provisions
Archives for July 2025
How the 2025 OBBBA Rewrites the Rules for Individual Taxpayers
The “One Big Beautiful Bill Act” (OBBBA), signed into law on July 4, 2025, represents the most sweeping overhaul of the U.S. tax code since the 2017 Tax Cuts and Jobs Act. It permanently extends many TCJA provisions and introduces several new deductions and credits. Below is a summary of the key changes affecting individual… Continue Reading
