9 Key Tax Law Changes for Individuals under the OBBBA
For the first half of 2025, individual taxpayers faced an uncertain tax situation because many provisions of the Tax Cuts and Jobs Act (TCJA) were scheduled to expire at year end. However, on July 4, President Trump signed the One, Big, Beautiful Bill Act (OBBBA) into law. The new law makes many TCJA provisions permanent and includes other favorable changes for individual taxpayers. (However, some tax breaks have been eliminated.) Here's a summary of nine important changes that may affect you and your family.