There were winners and losers in H.R. 1 of the 119th Congress, also known as the One Big Beautiful Bill (OBBB).
Legislative Update: The “One Big Beautiful Bill” Becomes Law and Includes Sweeping Tax Changes
On July 4, 2025, the President signed the “One Big Beautiful Bill Act,” which has sweeping tax changes that will affect individuals and businesses. Many changes in the bill are effective beginning this year.
View the complete law bulletin here for more information on the key provisions affecting individuals and businesses.
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