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What Tax Pros Should Know About the Big Beautiful Bill

What Tax Pros Should Know About the Big Beautiful Bill

Congress has just enacted the One Big Beautiful Bill Act ("OBBBA"), a sweeping tax-and-spending package signed into law on July 4, 2025. Here’s a quick look at the top tax-related provisions that every practitioner should have on their radar:

  • TCJA Permanently Extended: Solidifies individual tax brackets, keeps the Section 199A pass-through deduction still at 20%, and lifts the SALT cap to $40,000 for 2025 before tapering down.
  • New Targeted Deductions: Expanded deductions for tipped workers, overtime earners, seniors (up to $6,000), and buyers of U.S.-assembled vehicles (up to $10,000).
  • Business Incentives: Permanent 100% expensing for capital investments and R&D, plus relaxed interest limitation rules.
  • Estate and AMT Adjustments: Exempts estates up to roughly $13.99 million per individual and $27.98 million per couple, while raising corporate AMT thresholds.
These changes create new planning opportunities - especially for pass-throughs, high-net-worth estates, and retirees - while introducing fresh compliance considerations around MAGI thresholds and audit focus areas.

📅 Join Us July 10 for a Practical Overview

We’re hosting a special 60-minute pop-up webinar (1 hr. of CPE) to help tax professionals quickly get up to speed:

  • Title: The Big Beautiful Bill: What Tax Pros Need to Know Now
  • Date: Thursday, July 10, 2025
  • Time: 2 pm ET - 3 pm ET / 1 pm CT - 2 pm CT

This fast-paced session cuts through the noise, giving you clear, actionable insights so you can advise your clients with confidence for the 2025 filing season.

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Note: Paid attendees can request a link to the replay of any previously recorded webinar presentations by asking JoJo or by emailing us at [email protected]