Day: July 21, 2025

  • The Key Changes by the New Tax Law

    U.S. Capitol building dome with American flag at half-mast, symbolizing legislative changes in the new tax law (OBBBA).

    Congress and President Trump enacted a new tax law, generally called the OBBBA (One Big Beautiful Bill Act), that has made several changes to the tax code.  This post summarizes some of the key changes it made.  Much of how the law will be applies remains to be decided, so if you have questions on…