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Notable Income Tax Changes in the “One Big Beautiful Bill Act”

On July 4, 2025, President Trump signed into law the “One Big Beautiful Bill Act” to extend many of the tax provisions in the 2017 Tax Cuts and Jobs Act that were due to sunset at the end of this year. It also includes several new tax sections that have significant implications for taxpayers. This Client Alert summarizes some of the most notable tax changes.

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Author:
Andy Lustigman
Olshan Frome Wolosky LLP
ALustigman@olshanlaw.com

Olshan Frome Wolosky LLP

alustigman@olshanlaw.com

+1 212 451 2258

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