New Tax Legislation and Its Impacts
Signed into law on July 4, 2025, House Resolution 1, better known as the “One Big Beautiful Bill Act (OBBBA),” has sweeping implications across numerous industries and also for individuals. Some provisions have extended existing tax provisions from prior legislation while updating or creating new provisions.
Brady Ware’s subject matter experts break down the new legislation and help provide answers about which provisions were extended, which ones are new, and how those are impacting numerous business sectors as well as for individual taxpayers.
Our OBBBA resource page includes updates and perspectives for niche industries like dealerships, nonprofits, manufacturing, rental property owners, IIDD (Individuals with Intellectual and Developmental Disabilities) providers, and other business types as well as its impact on individual taxpayers.
Access Webinar Recording
From our webinar covering key impacts from the OBBBA legislation, access our webinar landing page for the recording, transcript, presentation slides, and more.
Understanding the Impact of Expiring TCJA Provisions
Businesses
For businesses, numerous areas are impacted that were either set to expire or had hit milestones with negative implications. Read more to understand the business impacts.
Key Areas Covered:
- Bonus Depreciation
- Business Expenses and Deductions
- Qualified Business Income (QBI) Deduction
- International Rates
- Clean Energy Tax Credits; and more
Business Tax Implications of the OBBBA
Individuals
For individual taxpayers, five areas stand out as particularly important for understanding their tax situation and planning for the future. Read more to better understand how you are impacted.
Key Areas Covered:
- Permanent tax rates
- SALT Deduction Cap Increase
- New Temporary Deductions
- Family-Related Tax Credits
- Estate and Gift Tax Exemptions
OBBBA Tax Law: Key Tax Changes for Individuals
The OBBBA Tax Law’s Impact on Estate Planning
Industry-Specific OBBBA Insights
Manufacturing
Boosting US Manufacturing Through Tax Reform
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Professional Services
OBBBA Impact on Professional Services
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Construction
OBBBA Tax Boost for Construction Companies
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Dealerships
The Impact of the New Tax Law on Dealerships
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Real Estate
Navigating the New Tax Landscape for Owners and Investors
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OBBBA’s Real Estate Edge
Renewable Energy
Navigating New Tax Realities for Renewable Energy Firms
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Franchises
OBBBA Boosts Franchises
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Nonprofit Organizations
Nonprofit Tax 2025: Navigating the Landscape Post-OBBBA
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The OBBBA’s Effect on Nonprofits
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OBBB Act Introduces Tiered Excise Tax for Foundations
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IIDD Providers
OBBBA Impacts Home & Community-Based Services in Ohio
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Additional OBBBA Insights
Pass-Through Entities
OBBBA’s Tax Shake-Up for Pass-Through Entities
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Expense Limitations
163(j): Key Tax Shifts Explained
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R&E Innovation
OBBBA Tax Law Boosts R&E Innovation
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Bonus Depreciation
OBBBA: The Return of 100% Bonus Depreciation
LEARN MORE
For Business Owners
Our Brady Ware tax professionals are hosting two in-person events and a virtual session to help businesses and business owners better understand the One Big Beautiful Bill Act. Our events will focus mostly on the business implications, but we will also highlight the areas business owners should know for their individual taxpaying requirements.
Learn more about each event and register for whichever is most convenient for you.
Atlanta: Sign Up Here
Brady Ware's Alpharetta Office
Richmond: Sign Up Here
Forest Hills Country Club
Virtual: View Recording
Virtual: Dealership Focused
Zoom