The One Big Beautiful Bill Act Tax Provisions

Sweeping new legislation passed July 4, 2025 is referred to as the One Big Beautiful Bill Act (OBBBA). This course examines tax provisions of the Act, beginning with those effective for 2025 and followed by those becoming effective in 2026 and beyond. The new law makes permanent many of the TCJA tax provisions and makes changes to existing tax laws, some permanent and others temporary. A brief explanation of tax law prior to OBBBA is provided, and appropriate context is added to facilitate understanding of the pre-enactment environment and the impact of the legislative changes. This course covers both individual and business tax provisions.