The One Big Beautiful Bill Act meaningfully impacts tax policy for families, businesses, charities and donors. Nothern Trust experts provide their analysis of the law and actionable insights for your plan.
After weeks of negotiations in the House and Senate, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law, as planned, on the Fourth of July. At its core, the tax provisions of the bill are an extension of key provisions from the 2017 Tax Cuts and Jobs Act (TCJA) that were scheduled to sunset at the end of 2025, with significant implications for individuals, businesses and business owners, and charitable organizations. Read More: