OBBBA Series Introduction
The Trump Administration's One Big Beautiful Bill Act (OBBBA) was signed into law on July 4, 2025. Within it's 900 pages comes many new tax provisions that will likely impact YOUR tax returns. During Trump's presidential campaign and all the way up to the legislature voting on the Bill, numerous iterations of news-grabbing slogans like "no tax on social security, tips, and overtime" gave us hopeful anticipation of a lower tax bill. In this upcoming series of OBBBA blog posts we will highlight where the dust settled on some of the more popular provisions, plus shed light on those you might not have heard much about.
Several provisions of the OBBBA go into effect retroactively to January 1st, 2025 while others take effect in 2026 and beyond. We will first focus on impacts to 2025 returns.
If you have questions on the Bill and how it might personally impact your tax situation, as your trusted tax advisor we are happy to help!
