To help you understand recent tax legislation and regulatory developments, the 2025 U.S. Tax Legislative & Regulatory Update includes:

• Overview of key tax provisions in the One Big Beautiful Bill Act (OBBBA),
• Executive Orders, and
• Fiscal outlook.

The OBBBA makes many temporary provisions of the Tax Cuts and Jobs Act of 2017 permanent, which will allow for longer range tax planning. In addition, many of the provisions that will benefit taxpayers are retroactive to the beginning of 2025, while provisions that trim deductions and other tax benefits do not begin until 2026 or later. Andersen can help you analyze your tax positions and consider options for reducing tax paid overall over multiple years given the tax law changes and impact of different effective dates and transition rules.

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