H.R. 1, the "One Big Beautiful Bill Act"

Businesses

• Tax reform highlights: What the "One Big Beautiful Bill Act" means for your business
• Federal business tax credits for renewable energy (e.g. wind, solar, geothermal)
• Update to code section 163(j) expands business interest deductions
• Section 174 R&D expensing restored
• State and Local Tax (SALT) deduction and Pass-Through Entity Tax (PTET)
• Accelerated depreciation (and what changed in 2025)

• New opportunities around Qualified Production Property under the OBBB

Individuals

• Key individual tax changes under the 2025 tax law
• Planning Ahead: Take Advantage of the New Estate and Gift Tax Limits
• Key tax provisions for personal-use vehicles
• Families gain long-term tax relief under the One Big Beautiful Bill
• Impact of the One Beautiful Bill Act on residential energy credits
• New tax deductions for individuals
• Opportunity Zone program updates under the One Big Beautiful Bill
• State and Local Tax (SALT) deduction and Pass-Through Entity Tax (PTET)