High-earning business owners now have an opportunity to take a massive tax deduction thanks to the One Big Beautiful Bill Act. Still, they may have to implement some financial planning advice to ...

Until enactment of the One Big Beautiful Bill Act, officially P.L. 119-21, the availability of a below-the-line deduction that was not the standard deduction or an itemized deduction was a rare event.

When the One Big Beautiful Bill Act (OBBBA) was signed into law on July 4, 2025, it brought some of the biggest tax shifts small businesses have seen in years. Several pandemic-era or temporary ...

Learn how the 2025 OBBBA changes tax brackets, deductions, credits and business rules in 2026 — and what the updates could mean for your refund and tax bill.