The One Big Beautiful Bill Act, enacted on July 4, 2025 as Public Law 119-21, introduced a wide range of changes that will impact tax returns for the 2025 tax year and beyond.
Two documents are attached below (Both English and Spanish versions are available). The One Big Beautiful Bill Guide offers a summary of these changes, including when each will take effect. The OBBB Summary for Tax Clients provides a quick overview of the major tax law changes affecting tax year 2025.
The following OBBB summary documents provide an overview of key provisions included in the One Big Beautiful Bill Act