Tax update TY25: Navigating the OB3 Act and more
Federal tax law has shifted significantly with the introduction of the One, Big Beautiful Bill (OB3) and the permanent extension of several key Tax Cuts and Jobs Act (TCJA) provisions. For tax year 2025, practitioners will need to navigate new deductions for tips, overtime pay, car loan interest, and seniors, along with major updates to digital asset reporting and retroactive changes to R&D expense treatment.
We have put together a helpful update covering these changes. Learn more here.
