On July 4, 2025, President Trump signed into law H.R. 1, otherwise known as the One Big Beautiful Bill (“OBBB”), which made permanent many provisions of the 2017 Tax Cuts and Jobs Act (“TCJA”), accelerated the elimination of green energy tax credits introduced as part of President Biden’s Inflation Reduction Act, while delivering targeted tax relief to seniors and working class taxpayers. The bill represents the third significant piece of tax legislation implemented via budget reconciliation in the last four […]