July 23, 2025


HIGHLIGHTS OF THE ONE BIG BEAUTIFUL BILL ACT

In early July 2025, the One Big Beautiful Bill Act was signed into law, bringing some of the biggest tax changes we have seen since 2017. From new deductions and savings options to permanent rate adjustments and expanded benefits for families, retirees, and workers, these updates will impact nearly all taxpayers starting in 2025.
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By: Nicholas Hennessy, CPA

Manager, R.S. Abrams & Co, LLP

631-234-4444

nhennessy@rsabrams.com
 

Our firm has two locations in Islandia and White Plains, New York and the single most important factor in our firm's success over the past 75 years has been our uncompromising commitment to the highest standards of quality and professionalism. Should you have any questions for us, please don't hesitate to contact us at (631)-234-4444.


Sincerely,

 

R.S. Abrams & Co., LLP
 

Feel free to contact our Suffolk office at (631) 234-4444 or you can e-mail us at mvanduyne@rsabrams.com if you have any questions. You can also visit our website at www.rsabrams.com for updated information.
 
R.S. Abrams & Co., LLP is an accounting firm with extensive experience auditing school districts, not-for-profits, and state & local governments. We also provide tax and accounting services to individuals, partnerships and corporations across the country. Our firm has been in business for over 75 years and provides auditing services in Nassau, Suffolk, Westchester and Rockland counties.
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Disclaimer

The information contained in this newsletter is provided for informational purposes only, and should not be construed as legal advice on any subject matter. The Firm provides legal advice and other services only to persons or entities with which it has established an attorney-client relationship. No recipients of information from this newsletter, clients or otherwise, should act or refrain from acting on the basis of any information included in this newsletter without seeking appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. The content of this newsletter contains general information and may not reflect current legal developments. The Firm disclaims all liability in respect to actions taken or not taken based on any or all of the contents of this newsletter. 

R.S. Abrams & Co., LLP | 3033 Express Drive North Suite 100 | Islandia, NY 11749 US

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