I. Introduction On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (the “Act”) into law.[1] The Act is similar to the Senate Finance Committee’s draft legislative text (the “SFC Bill”) (released on June 16, 2025), with several modifications and omissions. The Act’s key differences from the SFC Bill and the prior...| Tax Talks
The 2025 OBBBA law offers middle-class tax relief, simplifies the tax code, and adds new benefits for families, workers, and students. The post The One Big Beautiful Bill Act (OBBBA): Major Changes to Individual Taxation appeared first on Scrubbed.| Scrubbed