The One Big Beautiful Bill Act was signed into law on July 4, 2025. It will significantly affect federal taxes, deductions, and credits.
Please find the IRS links below for more information.
- https://www.irs.gov/newsroom/what-you-will-need-to-file-your-taxes-under-the-one-big-beautiful-bill+
- https://www.irs.gov/newsroom/irs-releases-tax-inflation-adjustments-for-tax-year-2026-including-amendments-from-the-one-big-beautiful-bill