OBBA Updates

Stay Current on Federal Tax Changes

The One Big Beautiful Bill Act (OBBA) marks one of the most significant shifts to U.S. tax policy in nearly a decade, reshaping rules that affect individuals, families, business owners, and investors nationwide.

Signed into law on July 4, 2025, the bill makes several Tax Cuts and Jobs Act provisions permanent, introduces new deductions aimed at working Americans and seniors, retools business incentives, and sunsets a wide range of clean-energy credits. Its impact is broad, and its timing matters. Many provisions apply immediately or phase in over the next several years, creating both complexity and opportunity.

This page brings together Sorren’s latest insights, updates, and practical perspective so you can understand what the changes mean for you and work with us to plan your next steps with confidence.

One Big Beautiful Bill Insights

Catch up on every Big Beautiful Act update in one place with a curated collection of insights, summaries, and breakdowns.

What the Big Beautiful Bill Means for You: Key Tax Changes and Planning Opportunities

One of the biggest tax reforms since 2017 is here. Read more about the key provisions and how these changes affect you.

Preparing for the Next Era of Charitable Giving Under the Big Beautiful Bill Act

A new era of charitable giving is coming in 2026, and now is the time to understand how these changes could shape your plans.

Clean Energy Tax Credits Are Ending: What You Need to Know

Clean energy tax credits are set to expire. Find out what’s changing and how Sorren can help you make the most of the remaining opportunities.

Big Beautiful Bill at a glance

Businesses

Investment-Friendly Tax Breaks
Tax Incentives for Growth and Innovation

100% bonus depreciation full write-off for equipment (permanent)

Interest deductions relief now, new limits 2026 onward

Section 179 expensing $2.5M limit; $4M threshold

R&D expensing restored (retroactive to 2022)

Pass-through entities QBI 20% deduction permanent + $400 minimum deduction

Individuals

New Deductions & Relief
for Americans
Tax Relief for Workers &
Families (2025-2028)

Tax brackets permanent
no more sunset rules

Standard deduction:
$15,750 single
$31,500 joint

New Deductions

up to 25K tip income

up to 25K overtime pay (joint)

up to 10K car loan interest (US-assembled only)

Seniors:
16K exemption (65+)

Families:
$2,200 Child Tax Credit
Care Credit up to 50%

Charity:
up to$2Keven if you don't itemize

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