Understand 2025–2026 Tax Changes with Confidence
Significant tax law updates are coming. The One Big Beautiful Bill Act (OBBBA) introduces new rules, expanded deductions, and meaningful opportunities for both businesses and individuals beginning in 2025.
Get immediate access to the OBBBA Overview Guide—a clear, concise summary of the changes that matter most.
What Is the One Big Beautiful Bill Act?
Signed on July 4, 2025, the OBBBA delivers sweeping tax revisions designed to simplify certain provisions and make others permanent. These updates impact:
- Business deductions, credits, interest expense limits, and expensing opportunities
- Individual deductions, credits, charitable rules, and temporary above-the-line adjustments
Our guide breaks down the most important updates so business owners, leaders, and individual taxpayers can plan ahead with confidence
What You'll Learn Inside the Guide
Key Business Impacts
- Return of immediate expensing for domestic R&D
- Introduction of Qualified Production Property (QPP) expensing
- Updated Section 163(j) interest expense limitations, shifting back to an EBITDA-based calculation
- Changes to bonus depreciation and Section 179 limits
- Expansion of business tax credits, including:
- Tip credit
- Employer-provided childcare credit
- Important revisions to the QBI deduction beginning in 2026
Key Individual Taxpayer Impacts
- Temporary above-the-line deductions for tips, overtime, and vehicle loan interest (2025–2028)
- Adjusted standard deduction amounts
- Changes to the SALT cap, miscellaneous itemized deductions, and wagering loss limitations
- Expanded credits such as:
- Child Tax Credit
- Child and Dependent Care Credit
- Credits for scholarship-granting organization contributions
This resource was built for:
- Business owners, CFOs, and controllers
- Accounting and finance teams
- Individual taxpayers preparing for 2025 changes
- Nonprofits evaluating donor-related provisions
- Advisors supporting clients affected by the new law
If the OBBBA applies to you or your organization, this guide will help you prepare proactively.
Many OBBBA provisions restore pre-TCJA benefits, make temporary rules permanent, or introduce entirely new tax opportunities.
Understanding these updates now can help you:
- Support more accurate tax projections
- Strengthen year-end and quarterly planning
- Assess cash-flow and investment opportunities
- Take advantage of time-sensitive provisions (2025–2028)
We simplify complex legislation so you can make informed decisions with clarity, not confusion.
The OBBBA Overview Guide summarizes the key tax law changes, but you may still have questions about how these updates could affect your business or personal tax situation. The Wegner CPAs tax advisors are here to help you navigate the details and explore what the changes may mean for your planning.
Get in Touch to Learn More
Get Your Free OBBBA Overview Guide
Stay ahead of the 2025–2026 tax changes with insights from Wegner CPAs’ tax advisors.
