The "One Big Beautiful Bill" (OBBBA) Review
The "One Big Beautiful Bill" (OBBBA) Review
Session Review: The legislation known as the One Big Beautiful Bill, signed into law on July 4th, 2025, introduces several significant updates to the federal tax system and extends many of the expiring provisions from the Tax Cuts and Jobs Act (TCJA). As tax professionals are aware, tax laws are constantly evolving. This review will cover many of the individual and business provisions of the new tax bill. The following topics will be covered during this session:
Session Review: The legislation known as the One Big Beautiful Bill, signed into law on July 4th, 2025, introduces several significant updates to the federal tax system and extends many of the expiring provisions from the Tax Cuts and Jobs Act (TCJA). As tax professionals are aware, tax laws are constantly evolving. This review will cover many of the individual and business provisions of the new tax bill. The following topics will be covered during this session:
· Analyze Individual and Business Provisions.
· Overview of Bill by Sections.
· Extensively review No Tax on Tips and No Tax on Overtime provisions.
· Cover the bunching of itemized deductions.
· Assess SALT and related PTET issues.
· Assess the Green Energy Credits and new Expiration dates.
· Navigating standard deductions, Child Tax Credit.
· Briefly review changes in Net CFC tested income, BEAT, and renewed OZs
· Identify what has been Extended, Made Permanent, or Eliminated.
This review will provide valuable insights to plan ahead for tax season during the 4th quarter before the year closes. This presentation will be given by James Zacharakis, EA.
Courtney CPA, P.C.
66 West Street, Suite 2, Mansfield, MA 02048 p: 508.803.1388 ; e-fax: 508.803.8399; www.courtneycpa.com
Date and Time
Thursday Oct 30, 2025
10:00 AM - 11:15 AM EDT
Location
at the Chamber Offices - 280 School St., Building L100 Mansfield
(follow signs for Kohls, take the access road to the right of Kohls and you will see the big brown farmhouse)
Contact Information
Kara Griffin
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Printed courtesy of tri-townchamber.org/ – Contact the Tri-Town Chamber of Commerce for more information.
280 School Street, Building L100, Mansfield , MA 02048 – (508) 339-5655 – office@tri-townchamber.org