Category: Tax Planning
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Understanding the One Big Beautiful Bill: How the 2025 Tax Bill Affects You
On July 4 2025 the One Big Beautiful Bill Act (OBBBA) became law. Informally called the Working Families Tax Cut, this legislation builds on the Tax Cuts and Jobs Act of 2017 (TCJA) and introduces significant changes for individual taxpayers. Many of its provisions start affecting returns filed in 2026, but some are retroactive to…