One Big Beautiful Bill: What the 2025 Tax Reform Means for Individual Taxpayers
Introduction In July 2025, the U.S. enacted the One Big Beautiful Bill, a major piece of tax legislation that builds on and makes permanent many provisions of the 2017 Tax Cuts and Jobs Act (TCJA). In addition to locking in favorable income tax rates, the bill introduces targeted deductions, higher thresholds, and expanded credits to […]
