ARTICLE · 11 JULY 2025

Key Tax Law Changes Impacting Individuals

Kaufman Rossin

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The One Big Beautiful Bill Act (OBBBA) includes several notable tax provisions impacting individual taxpayers. The landmark legislation, which was signed into law on July 4, 2025...

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Scott Goldberger

The 'One Big Beautiful Bill Act' is now law. What does that mean for individual taxpayers?

The One Big Beautiful Bill Act (OBBBA) includes several notable tax provisions impacting individual taxpayers. The landmark legislation, which was signed into law on July 4, 2025, extends expiring provisions from the Tax Cuts and Jobs Act (TCJA), while also advancing other tax priorities aligned with the Trump administration. Notably, it permanently increases the federal gift and estate tax exclusion, and it introduces new deductions aimed at eliminating income taxes on certain types of tip income and overtime pay.

The following is an overview of some of the most significant tax provisions affecting individual taxpayers, what they may mean for you, and what steps you should consider in the coming months.

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