One Big Beautiful Bill (OBBB) – What You Need To Know Now

Sweeping tax legislation is here, and its impact will be both immediate and far-reaching.

On July 4, 2025, President Trump signed the One Big Beautiful Bill (OBBB) into law. This landmark legislation introduces more than 100 tax provisions, including retroactive business deductions, permanent extensions of key Tax Cuts and Jobs Act (TCJA) reforms, new individual tax benefits from the Trump campaign, significant international tax changes, and more.

This on-demand webinar breaks down the most impactful provisions and offers practical insights into planning opportunities and compliance considerations.

Topics covered include:

• Temporary increase in the SALT cap, subject to phase-out thresholds
• Key business deductions, including bonus depreciation, R&D expenses, and Section 163(j) interest limitation
• New deductions for qualified production property, tips, overtime, auto loan interest, and seniors
• Permanent TCJA-era extensions, including Section 199A
• Changes to international tax rules, including GILTI, FDII, BEAT and more
• Trump Accounts and other savings and incentive provisions
• Impact on green energy credits, charitable deductions, and more

Please contact your KSM advisor to discuss how these changes may affect your specific situation or complete the form below.