The One Big Beautiful Bill Act (P.L.119-21) (the “OBBB”) passed by slim margins in the U.S. Senate (51-50) and U.S. House (218-214) and was signed into law by President Trump on July 4, 2025. While ...

On July 4, 2025, President Trump signed H.R. 1, commonly known as the “One Big Beautiful Bill Act” (OBBB), into law.[1] OBBB was initially approved by the House of Representatives on May 22, 2025 (the ...

The 2025 OBBB Act updates key tax rules for condo owners, including higher standard deductions, a $750,000 mortgage interest limit, and a $40,000 SALT cap. Owners should consult tax professionals and ...

What you need to know about Trump's "One Big, Beautiful Bill" Ever since the first Trump Administration passed the Tax Cuts and Jobs Act (TCJA) in 2017, with most of its provisions expiring on ...

WASHINGTON, D.C. — The Internal Revenue Service this past week released two major updates related to implementation of the One, Big, Beautiful Bill (OBBB), including temporary penalty relief for ...

The "One Big Beautiful Bill" (OBBB) passed earlier this summer implemented a host of tax changes (while keeping around several cornerstones of the current tax code) that will in one way or another ...

The House of Representatives’ One Big Beautiful Bill Act would make most of the tax cuts from President Trump’s first term permanent. However, critical expensing provisions, which ensure that ...

Editor’s note: Pinion Global’s Keaton Dugan is a new columnist to replace Maxson Irsik. The One Big Beautiful Bill Act, signed into law on July 4, has become a common topic around kitchen tables ...

Prior to 2018, employers could reimburse employees up to $20 per month ($240 per year) on a tax-free basis for bicycle-related commuting expenses. The 2025 OBBB permanently repealed this benefit ...