Breaking News: Tax Planning Opportunities Under The New "One Big Beautiful Bill Act”
The “One Big Beautiful Bill Act” (OBBBA), which was signed into law on July 4, 2025, put to rest years of uncertainty over whether the tax rules created by the Tax Cuts and Jobs Act of 2017 would be extended or allowed to sunset at the end of 2025. At the same time, however, it also includes a host of new provisions that will introduce new planning considerations for clients of financial advisors.
In this webinar, Kitces Lead Planning Nerd Jeff Levine and Senior Financial Planning Nerd Ben Henry-Moreland will provide a detailed overview of the changes brought about by the OBBBA and discuss tax planning strategies that your clients can implement now that the law is finalized. covering the OBBBA’s tax-related provisions including the increased SALT deduction, additional deduction for seniors age 65+, increased gain exclusion for qualified small business stock, renewed qualified opportunity zone investments, new 529 plan eligible expenses, and more! In this webinar, advisors will learn how to:
Summarize the provisions of the TCJA of 2017 that are extended by the OBBBA
Describe the new tax provisions that were introduced by the OBBBA
Detail which provisions of OBBBA are intended to be permanent, and which are set to expire
Evaluate the impact of the new law on their clients' tax situations
Develop tax planning strategies to address the OBBBA's short- and long-term tax implications