Helping You Navigate The Changes

On July 4, 2025, President Trump signed the Opportunity for a Better, Balanced Budget Act (OBBBA) into law—ushering in a new era of tax reform for individuals, families, and businesses.
This landmark legislation makes permanent many key provisions from the Tax Cuts and Jobs Act (TCJA), originally set to expire at the end of 2025. It also introduces new rules that affect income tax rates, estate planning strategies, charitable giving, business deductions, and more.
At DWD CPAs & Advisors, our team is actively analyzing the impacts of this sweeping legislation and helping clients adjust their tax strategies accordingly. Whether you’re a business owner evaluating bonus depreciation opportunities, an individual looking to optimize charitable deductions, or planning for future estate tax exposure—we’re here to guide you every step of the way.
We understand that tax law changes can create uncertainty. That’s why we’re committed to providing clear guidance, proactive insights, and customized planning strategies tailored to your unique financial situation.

Key Areas Affected by the OBBBA

  • Permanently extended TCJA tax rates

  • Estate tax exemption increased to $15 million per person

  • Qualified business income (QBI) deduction made permanent

  • Bonus depreciation expanded and extended

  • SALT deduction cap raised, with income-based limits

  • Adjustments to charitable and itemized deductions

Navigating the New Tax Law: OBBBA Insight Series

Photo of Buying A New Car? You May Qualify For A Tax Break Under OBBBA. Photo of Buying A New Car? You May Qualify For A Tax Break Under OBBBA
Picture of an eye.

Buying A New Car? You May Qualify For A Tax Break Under OBBBA
Photo of Why Bonus Depreciation May Be the Biggest Win for Business Owners in the New Tax Law. Photo of Why Bonus Depreciation May Be the Biggest Win for Business Owners in the New Tax Law
Picture of an eye.

Why Bonus Depreciation May Be the Biggest Win for Business Owners in the New Tax Law
Photo of Major Tax Law Changes Signed Into Law: What High-Income Earners and Business Owners Need to Know. Photo of Major Tax Law Changes Signed Into Law: What High-Income Earners and Business Owners Need to Know
Picture of an eye.

Major Tax Law Changes Signed Into Law: What High-Income Earners and Business Owners Need to Know
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Confused by the New Tax Law? Let DWD Simplify It for You

With $12.5 trillion in complex tax provisions—the new law is anything but simple. Navigating these changes requires expert insight, and that’s where our team of professionals can help.

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On July 4, 2025, President Trump signed the Opportunity for a Better, Balanced Budget Act (OBBBA) into law—ushering in a new era of tax reform for individuals, families, and businesses.

This landmark legislation makes permanent many key provisions from the Tax Cuts and Jobs Act (TCJA), originally set to expire at the end of 2025. It also introduces new rules that affect income tax rates, estate planning strategies, charitable giving, business deductions, and more.