On July 4, 2025, President Trump signed the landmark “One Big Beautiful Bill Act” (OBBBA) into law, introducing sweeping changes that impact individual, business, and estate tax planning strategies nationwide.
On Thursday, July 10, Grassi’s tax advisors hosted one of the most impactful webinars of the year, unpacking the key provisions of this legislation and what they mean for your income tax and financial planning strategies.
Key Topics Included:
- Individual tax updates: income tax rates under TCJA made permanent, SALT cap increases and other changes in itemized deductions, preservation of the PTET deduction, Child Tax Credit adjustments
- Business impacts: research and development expensing, 100% bonus depreciation made permanent, Section 179 deduction increased, QBI deduction made permanent, expanded interest deduction, Qualified Production Property (QPP) expensing, the effective end of the Employee Retention Credit program, and more
- Trusts & Estates: update to the lifetime gift tax exclusion, income tax rates made permanent
- What’s still unclear — and what to watch for next
Access the webinar recording to gain clarity and insights directly from Grassi’s tax advisors.
