Jul 25, 2025
Signed into law on July 4, 2025 and bringing the most significant tax law update since the 2017 Tax Cuts and Jobs Act. Some parts extend previous tax cuts, while others bring new rules that could impact your deductions, your business income, and even your charitable giving strategy. If you’re a business owner, medical professional, or high-income household, many of these changes could directly impact your tax situation. We walk through the major changes from OBBBA—what changed, who it affects, and why it matters.
