If you've heard the buzz about the One Big Beautiful Bill, you might be wondering what it means for you. Signed into law on July 4, 2025, this new domestic policy package extends key parts of the 2017 Tax Cuts and Jobs Act (TCJA) and introduces several new tax rules that could affect individuals, families, and small businesses in the years ahead.
While some changes take effect right away, others will roll out in 2026 or later. A few are even temporary. So, now's a great time to connect with your tax, legal, or accounting professional to see how these updates might shape your financial picture.
Let's take a look at some of the highlights of this bill that could impact most taxpayers.
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