The One Big Beautiful Bill Act Tax Provisions

Overview

Sweeping new legislation passed July 4, 2025 is referred to as the One Big Beautiful Bill Act (OBBBA). This course examines tax provisions of the Act, beginning with those effective for 2025 and followed by those becoming effective in 2026 and beyond. The new law makes permanent many of the TCJA tax provisions and makes changes to existing tax laws, some permanent and others temporary. A brief explanation of tax law prior to OBBBA is provided, and appropriate context is added to facilitate understanding of the pre-enactment environment and the impact of the legislative changes. This course covers both individual and business tax provisions.

Find this course for your license

License or Certification

Regulator

Learning Objectives

Recognize the new standard deduction amounts;
Describe the new senior, overtime, and tip deductions;
Explain the revisions made to several tax credits for individuals and businesses;
Apply the changes made to third-party network transaction reporting;
Explain the changes made to the business interest deduction limitation;
Apply the new casualty loss deduction limitations;
Describe the Achieving a Better Life Experience (ABLE) account modifications.

Designed For:

CPAs, EAs, CMAs, CFEs, CRTPs, CFPs, and other accounting, finance, and tax professionals

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Course Information

Adding additional credit may change exam requirements.

Prerequisites:	A foundational understanding of federal tax regulations
Advanced Preparation:	None

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