This brings certainty to the tax code. Individuals and businesses can now engage in tax planning with greater confidence in the future.
Below is a summary of the bill:
July 16, 2025
Big Beautiful Bill - July 2025
The Big Beautiful bill was passed and signed into on July 4, 2025. This is a significant piece of legislation that, most importantly, made permanent the tax provisions of the 2017 Tax Cuts and Jobs Act. The 2017 law was set to expire on 12/31/25. Had it not been extended or made permanent, the law would revert back to pre-2017 provisions. This would have imposed a large tax increase on taxpayers.
