On July 4, President Trump signed the “One Big Beautiful Bill Act” (OBBBA). It contains numerous provisions that could have a significant impact on investors and retirees planning under the new 2025 tax law.
In many cases, the legislation makes permanent several key changes from 2017 that were set to expire by the end of the year. If these provisions had expired, taxes would have increased, and planning under the new 2025 tax law would have more difficult and uncertain.
Here is a summary of some of the most impactful changes introduced by the new 2025 tax law. Some of these changes are permanent. Others are temporary.
This post originally appeared at Apprise Wealth Management.