Navigating the OBBBA

Get ready to revisit your financial playbook! On July 4th, President Trump signed the landmark One, Big, Beautiful Bill Act (OBBBA) into law, ushering in significant tax changes that will shape the financial landscape for individuals and businesses alike starting in the 2025 tax year. This far-reaching legislation extends and enhances many familiar tax breaks while also introducing new, temporary deductions and shifting away from certain clean energy incentives. Dive into this post to discover the key highlights of the OBBBA and understand how these updates could impact your income, deductions, and overall financial planning.