Taxpayers are navigating a rapidly evolving policy landscape, one that includes changing tax rates, new tax credits and incentives, and legislation responding to challenging economic environments. Entering 2025, that noise was amplified by the looming expiration of significant portions of the Tax Cuts and Jobs Act (TCJA) at the end of the year. Following a whirlwind legislative process, Republicans in Congress completed work on the One, Big, Beautiful Bill (OBBB), which extended much of the TCJA while making many other changes to the federal tax code. However, key aspects of the OBBB are already set to expire over the coming years, so the tax landscape will continue to be dynamic.
In the face of these questions, it’s time to find steady ground. Our tax specialists cut through the tax noise, so you can better understand what could happen and how you or your business could be affected. We track the latest developments in tax policy and the legislative process, keeping you informed on individual, gift/estate, corporate, and international tax changes. Explore more from our tax leaders and consider subscribing to receive select updates direct to your inbox.