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
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Permanently extended TCJA tax rates
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Estate tax exemption increased to $15 million per person
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Qualified business income (QBI) deduction made permanent
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Bonus depreciation expanded and extended
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SALT deduction cap raised, with income-based limits
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Adjustments to charitable and itemized deductions
Navigating the New Tax Law: OBBBA Insight Series
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.
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.