#OBBBA2025 Archives | Hutchinson and Bloodgood LLP

Tax Planning

What the new tax law could mean for you

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July 16, 2025

As 2025 began, individual taxpayers faced uncertainty with several key provisions of the tax law that were set to expire at the end of the year. That changed on July 4, when President Trump signed the One, Big, Beautiful Bill Act (OBBBA) into law. The OBBBA not only makes many TCJA provisions permanent but also […]

#ChildTaxCreditIncrease, #OBBBA2025, #TaxLawChanges

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Tax Planning

Significant business tax provisions in the One, Big, Beautiful Bill Act

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July 14, 2025

H&B

The One, Big, Beautiful Bill Act (OBBBA) was signed into law on July 4. The new law includes a number of favorable changes that will affect small business taxpayers, and some unfavorable changes too. Here’s a quick summary of some of the most important provisions. First-year bonus depreciation The OBBBA permanently restores the 100% first-year […]

#OBBBA2025, #TaxLawUpdate, #TaxPlanning2025

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