Meanwhile, the IRS announced that, as part of its phased implementation of the One Big Beautiful Bill Act, there will be no changes to certain information returns or withholding tables for tax year 2025 related to the new law. Key points for tax year 2025 relating to the bill’s provisions are:

There has been much discussion and writing about the recently enacted One Big Beautiful Bill. This sweeping legislation brings major changes to the IRS tax code which could significantly benefit

The legislation brings a lot of changes that are worth worrying about, but at least you might be able to get some new tax deductions.