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As 2025 began, individual taxpayers faced uncertainty with several key provisions of the tax law that were set to expire at the end of the year. That changed on July 4th, when the One, Big, Beautiful Bill Act (OBBBA) was signed into law. The OBBBA not only makes many provisions in the Tax Cuts and Jobs Act (TCJA) permanent but also introduces several new benefits — although some other tax breaks have been removed. Below is a summary of eight areas with changes that may impact you and your family.
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