The recently signed “Big Beautiful Tax Bill” marks a significant shift in the U.S. tax landscape. Officially passed into law on July 4, 2025, the legislation includes a broad range of changes for both individuals and businesses. As lawmakers finalized the bill, it drew widespread attention for its scope, permanence of key provisions, and potential impact on tax planning moving forward.

A recent Journal of Accountancy article provides an excellent overview of the Senate’s version of the bill and how it evolved during the reconciliation process.

Additionally, the AICPA’s comparison chart offers a side-by-side look at how the final provisions compare to earlier legislative proposals—a helpful tool for those wanting to dive deeper into the details.

Have questions about how these changes may affect your personal or business tax situation? Our team is here to help.