The OBBB, or One Big Beautiful Bill, primarily extends and makes permanent many of the individual and business tax cuts from the 2017 Tax Cuts and Jobs Act (TCJA) as well as introduces some new tax provision.

• TCJA Provisions Made Permanent
  The OBBB locks in many of the TCJA’s tax cuts, including lower individual income tax rates, a higher standard deduction, and business-friendly tax rules—offering long-term certainty for taxpayers.
• New Tax Changes Introduced
  The bill also adds new, mostly temporary provisions such as deductions for tip and overtime income, an increased senior deduction, and a higher SALT deduction cap for certain filers.

Under the OBBB, individuals can expect permanent lower income tax rates and a higher standard deduction, continuing the benefits introduced by the TCJA. The bill also adds new temporary deductions for tip and overtime income, expands the child tax credit, increases the deduction for seniors, and raises the SALT deduction cap for certain taxpayers. These changes aim to provide both immediate relief and long-term stability for a broad range of filers.

Under the OBBB, businesses can expect permanent tax breaks such as full bonus depreciation and restored immediate deductions for domestic R&D expenses. The Qualified Business Income deduction is also made permanent. Overall, the OBBB aims to support business growth by providing lasting tax relief and simplifying key areas of the tax code.

Anyone affected by the new provisions—whether managing complex personal taxes or corporate filings. Our services are built for individuals and companies alike.