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.

📅 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