Andersen Global
One Big Beautiful Bill Act Insights
How Does OBBBA Impact You & Your Business?
U.S. President Donald Trump signed the One Big Beautiful Bill Act into law on July 4, 2025. This sweeping legislation reshapes key areas of the U.S. economy, spanning tax policy, defense spending, social programs, energy, and immigration.
U.S. President Donald Trump signed the One Big Beautiful Bill (“OBBB”) into law on July 4, 2025. This sweeping legislation reshapes key areas of the U.S. economy, spanning tax policy, defense spending, social programs, energy, and immigration.[...]
The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, brings a mix of wins and se[...]
The One Big Beautiful Bill creates several opportunities and removes the fear of expiring provisions[...]
To help you navigate this evolving tax landscape, Andersen has created a resource that breaks down t[...]
The OBBBA includes significant tax changes impacting individuals, businesses, estates and trusts, an[...]
Further OBBBA Insights
For Individuals
- Lower Tax Rates: Makes the lower TCJA income tax rate schedules for individuals permanent.
- SALT Cap: Increases the state and local tax (SALT) deduction to $40,000 (adjusted) for 2025 to 2029, begins phasing out for taxpayers with incomes above $500,000 (adjusted).
- Alternative Minimum Tax: Permanently maintains increased AMT exemption amounts and phase-out thresholds.
- Floor on Charitable Deduction: Imposes a 0.5% floor on charitable contributions for individuals and permanently extends the increased contribution limitation (60%) for cash gifts made to qualified charities.
For Businesses
- Business Interest Expense Limitation (163(j)): Permanently reinstates the EBITDA (earnings before interest, taxes, depreciation, and amortization) limitation for the calculation of the deduction for taxable years beginning after December 31, 2024.
- Opportunity Zones: Establishes a permanent Opportunity Zone (OZ) policy building off current law. Creates a rolling 10-year, OZ designations beginning on January 1, 2027.
- Clean Energy Credits: Accelerates the termination dates of various clean energy credits included in the Inflation Reduction Act.
Other
- QSBS Exclusion: Changes the Sec. 1202 qualified small business stock (QSBS) exclusion [Link to QSBS Insights]
- Qualified Business Income: Makes permanent the Sec. 199A deduction for qualified business income.
- Bonus Depreciation: Permanently reinstates 100% bonus depreciation for property acquired after January 19, 2025.
Additional OBBBA Resources
The One Big Beautiful Bill Act of 2025 created Trump Accounts under new Sec. 530A—custodial IRAs for[...]
Read More »
Andersen Managing Director Joe Calianno is a featured speaker on STEP Mid-Atlantic’s free webcast OB[...]
Read More »
The One Big Beautiful Bill Act (OBBBA) introduced two new, retroactive, and temporary federal income[...]
Read More »Despite the One Big Beautiful Bill Act (OBBBA) maintaining and even increasing the estate and gift l[...]
Read More »
Publicly traded corporations are limited to a $1 million deduction for covered employees. Originally[...]
Read More »As 2025 draws to a close, year-end tax planning is top of mind for many businesses. A strategic revi[...]
Read More »
Starting in 2026, employers will no longer be able to take a tax deduction for the cost of providing[...]
Read More »
The One Big Beautiful Bill Act (2025 Tax Act), signed by President Trump on July 4, 2025, is favorab[...]
Read More »
With the One Big Beautiful Bill Act (OBBBA) reinstating 100% bonus depreciation, the potential tax s[...]
Read More »