Article | Tax Trends
Tax reform 2025
Explore the impact of the One Big Beautiful Bill Act (OBBBA) (P.L. 119-21)
Aug 15, 2025
Navigate tax reform with confidence
Sweeping legislative changes have reshaped the tax landscape, introducing new complexities and opportunities for businesses and individuals alike. The One Big Beautiful Bill Act (OBBBA) (P.L. 119-21), signed into law on July 4, 2025, brings significant updates to business deductions, individual tax brackets, international tax rules and IRA credits. But understanding the law is just the beginning.
Catch up on our first session and register now for the remaining sessions in the Tax Trends: Tax Reform 2025 webinar series. Each session in our four-part series dives into a different aspect of the OBBBA, offering actionable guidance to help you navigate the evolving tax landscape with confidence.
Speakers: Matt Billings, Jessica Jeane, Kyle Sund, Diana Walker and Ben Willis
View the recording below to explore the most impactful business provisions introduced by the OBBBA, including full expensing, expanded section 179 limits and updates to interest deductibility and the Qualified Business Income (QBI) deduction. This session also covers the expanded benefits under section 1202 for Qualified Small Business Stock.
Event information: August 18, 2025 | 1:00 – 2:00 ET
Speakers: Duncan Campbell, Jessica Jeane, Michelle VanDellen, Andy Whitehair and Nathan Wright
This session breaks down how the OBBBA affects individual taxpayers, with insights into permanent changes to income tax rates, brackets and standard deductions. Learn about new limitations on itemized deductions, the increased SALT cap and implications for charitable giving and estate planning.
Event information: August 19, 2025 | 1:00 – 2:00 ET
Speakers: Dan Birsan, Wakako Byer, Roy Deaver, Nikki Grams and Jessica Jeane
Dive into the international tax landscape reshaped by the OBBBA. Topics include the transformation of GILTI into Net CFC Tested Income (NCTI), the rebranding of FDII to FDDEI and updates to BEAT. The session also explores how these changes affect cross-border planning and export-focused businesses.
Event information: August 21, 2025 | 1:00 – 2:00 ET
Speakers: Adam DeZego, Peter Henderson, Craig Lammlin, Joel Laubenstein and Robert Moczulewski
Unpack the changes to Inflation Reduction Act (IRA) tax credits under the OBBBA. This session highlights new opportunities and risks for energy project owners, including foreign entity of concern (FEOC) provisions, revised credit structures and immediate actions to optimize benefits and mitigate compliance challenges.
The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the services of a professional should be sought. Tax information, if any, contained in this communication was not intended or written to be used by any person for the purpose of avoiding penalties, nor should such information be construed as an opinion upon which any person may rely. The intended recipients of this communication and any attachments are not subject to any limitation on the disclosure of the tax treatment or tax structure of any transaction or matter that is the subject of this communication and any attachments.