The One Big Beautiful Bill Act (OBBBA), signed into law July 4, 2025, reshapes the U.S. tax and spending landscape. It permanently locks in many individual tax cuts, introduces targeted benefits like a senior deduction, and affects everyday tax brackets and deductions. Here are the key takeaways you need to know about the new legislation: 1. Permanent TCJA Tax Rates The sweeping changes introduced by the 2017 Tax Cuts and Jobs Act (TCJA) were originally slated to expire, but

As you may have heard, the 2017 Tax Cuts and Jobs Act is the biggest change to tax laws in 31 years. And while "Big" business is thrilled...