In The News
The One Big Beautiful Bill Act (OBBBA): A Comprehensive Guide
November 3rd 2025
On July 4, 2025, President Trump signed into law a tax and budget package unofficially known as the One Big Beautiful Bill Act (OBBBA). This federal legislation extends or modifies many of the individual and business tax provisions first introduced by the 2017 Tax Cuts and Jobs Act, while adding several new priorities championed during the 2024 campaign. This guide provides a detailed analysis of the OBBBA's key provisions and their implications for high-net-worth individuals, with strategies to optimize tax planning in light of these significant changes, as of August 1, 2025.
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