At Lake Stevens Tax Service, we’re committed to keeping you informed about significant tax legislation that impacts your financial planning. The One Big Beautiful Bill Act (OBBBA), signed into law by President Donald Trump on July 4, 2025, represents a major overhaul of tax and spending policies as part of the 119th United States Congress’s budget reconciliation process. This sweeping legislation, often referred to as the “Big Beautiful Bill,” includes several tax provisions that could affect your 2025 tax filings and beyond. Below, we outline key aspects of the bill that are most relevant to our clients, focusing on practical implications for individuals, families, and small businesses in our community.
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