OBBBA Tax Reform

President Donald Trump signed the One Big Beautiful Bill Act (OBBB) into law on July 4, 2025. The Senate and House Republicans passed the bill without Democratic votes. The law extends the expiring individual and business tax cuts from the 2017 Tax Cuts and Jobs Act (TCJA), provides new temporary tax provisions that Trump promised during the campaign, makes changes to corporate and international taxes, and reduces energy tax credits.

A summary of the key provisions in the final bill is here. Below are more in-depth discussions of the provisions that affect individuals, trusts and estates, businesses, pass-through entities, and international taxpayers. This page will be updated continuously.

Individuals

Trusts and Estates

Business

Pass-Through Entities

International

Other.