One Big Beautiful Bill Act (OBBBA)
Resource Library
The One Big Beautiful Bill Act (OBBBA) was enacted into law on July 4, 2025, by President Donald Trump. Since then, U.S. government agencies have begun the process of writing regulations to interpret the legislation. GBQ is committed to keeping taxpayers informed of the changes within the Act. This resource library houses numerous articles, on-demand webinars, and more, to answer your questions in all areas of your professional and personal life. Review the resources below.
OBBBA Tax Considerations For Individuals
Overview
Navigating 2025-26 Individual Tax Changes Under The One Big Beautiful Bill Act (OBBBA) (Click Here)
SALT Cap
Major Changes To The SALT Cap: What Taxpayers Need To Know For 2025 & Beyond (Click Here)
Child Tax Credit
Unlocking The Power Of The Child Tax Credit: What The Big Beautiful Bill Act Means For Families (Click Here)
ABLE account changes
Unlocking Financial Independence: Major ABLE Account Changes Under The One Big Beautiful Bill Act (Click Here)
Federal Adoption Credit
Federal Adoption Credit Gets A Boost: Key Changes Under The One Big Beautiful Bill Act (Click Here)
529 Plans
Unlocking New Opportunities: How The One Big Beautiful Bill Act Transforms 529 Plans (Click Here)
Charitable Contribution Insights
Unlocking New Opportunities: Navigating Charitable Contribution Changes Under The Big Beautiful Bill Act (Click Here)
Insights For Property Owners
OBBBA Provisions To Impact Real Estate, High-Net-Worth Property Owners (Click Here)
OBBBA Considerations For Businesses
What The OBBBA Means For Business Tax Planning (Click Here)
Section 174 Update: OBBBA Allows Immediate Write-Off Of U.S. R&D; Foreign Still 15 Years (Click Here)
OBBBA Revamps Tax Depreciation: 100% Bonus, Section 179 Expansion, & New Qualified Production Property (Click Here)
Clean Energy Credits: Racing The Clock Under The OBBBA (Click Here)
Understanding The 163(j) Limitation In The Context Of The One Big Beautiful Bill (Click Here)
One Big Beautiful Bill Act's Impact On Federal Informational Reporting (Click Here)
Opportunity Zones Evolve: Comparing TCJA & OBBBA Legislation For Investors & Communities (Click Here)
New OBBBA Provisions Set To Reshape Payroll Tax Reporting (Click Here)
What Does The One Big Beautiful Bill Act (OBBBA) Mean For Research And Development (R&D) Costs? (Click Here)
STATE & LOCAL TAX
State & Local Taxes: A 2026 Outlook (Click Here)
International Taxes
Major International Tax Changes Ahead: What U.S. Exporters & Multinationals Need To Know (Click Here)
OBBBA Considerations For Niche Businesses
IRS Issues Transitional Guidance On Reporting Interest From Specified Passenger Vehicle Loans (Click Here)
Construction Industry Insights
The One Big Beautiful Bill & Its Impact On Construction (Click Here)
Manufacturing Industry Insights
Impact Of R&D Changes Within The One Big Beautiful Bill Act (OBBBA) On The Manufacturing Industry (Click Here)
Restaurant Industry Insights
Maximize Savings, Minimize Surprises: Year-End Tax Strategies For Restaurant Owners (Click Here)
Impact Of R&D Changes Within The One Big Beautiful Bill Act (OBBBA) On The Restaurant Industry (Click Here)
The One Big Beautiful Bill Act: Key Provisions Impacting The Restaurant Industry (Click Here)
Nonprofit Industry Insights
One Big Beautiful Bill Act: A Game Changer For Nonprofits & Charitable Giving (Click Here)
Real Estate Industry Insights
Major Tax Benefit For Residential Contracts Won Through The One Big Beautiful Bill (Click Here)
OBBBA Provisions To Impact Real Estate, High-Net-Worth Property Owners (Click Here)
Credit Union Insights
Proposed Regulations Announced: Specified Passenger Vehicle Loan Interest Reporting (Click Here)
One Big Beautiful Bill Act (OBBBA) Webinars
GBQuarterly Presentation
Year-End Business Tax Update
Presented on December 10, 2025,
GBQ tax experts Jeff Waldeck, Chris Dean, and Mark Silvaggio provide insights and practical strategies to help organizations navigate recent legislative changes and optimize their tax position for 2026 and beyond.
Topics included:
- Navigating the One Big Beautiful Bill Act (OBBBA) and identifying opportunities for your business.
- Practical examples of tax planning strategies arising from OBBBA.
- Status update on key Federal tax credits.
- International tax changes impacting multinational businesses.
GBQuarterly Presentation
Year-End Individual Tax Update
Presented on December 8, 2025,
As the year drew to a close, staying informed about the latest tax regulations was essential for financial planning. GBQ tax experts shared insights and strategies for navigating year-end tax considerations and preparing for 2026.
Topics included:
- New individual tax provisions under the OBBBA.
- 2025 year-end tax planning strategies for individuals.
- Recent IRS guidance and tax law updates impacting 2025 and beyond.
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Tax-saving opportunities and charitable giving strategies.
SALTrends Presentation
Multistate Income Tax Outlook
Presented on December 4, 2025,
GBQ's state & local tax experts wrapped up the 2025 by delivering an in-depth look at the year’s biggest developments and dove into what’s next for businesses in 2026.
Topics included:
- Emerging multistate income tax trends.
- State tax impacts of the OBBBA.
- Updates on elective pass-through entity taxes.
- Sales-sourcing and apportionment opportunities.
- Key takeaways from Ohio’s biennial budget and legislative outlook.
- Notable income tax and Ohio CAT cases.
For Restaurants
Dishing Out Tax Relief: One Big Beautiful Bill Act Strategies For Restaurant Owners & Operators
Presented on July 24, 2025
The One Big Beautiful Bill Act (OBBBA) introduced several lasting changes to the tax landscape for restaurant owners and operators. Listen in as GBQ’s team of industry experts walks through the most relevant updates included in the OBBBA.
Topics included:
- The permanent extension of the 20% Qualified Business Income (QBI) deduction.
- The restoration and permanence of 100% bonus depreciation.
- Favorable changes to the business interest deduction calculation under Section 163(j).
- New temporary incentives, including “No Tax on Tips” and “No Tax on Overtime.”
- Clarifications on Employee Retention Credit claim limitations.
- A look at tax provisions not addressed, such as the Work Opportunity Tax Credit (WOTC) and the Empowerment Zone (EZ).
- Credit, and what businesses should monitor heading into 2026.
Business InsightS
A Lot Can Happen In 6 Months: Tariff & Tax Developments In 2025
Presented on July 17, 2025
Listen for a valuable and insightful discussion with trade, customs, and tax experts, Mark Silvaggio, Director, Tax and Advisory, GBQ, Dan Ujczo, Senior Counsel, International Trade and Transportation, Thompson Hine, and Tyler Potter, Senior Manager, Customs and International Trade Services, BDO. This session summarizes tariff and tax developments during the dynamic first half of 2025.
Topics included:
- General background on the tariff activity during the year.
- Current status of tariffs, updates on negotiations between the U.S.
- Significant trading partners and strategies companies may consider in planning for and complying with tariffs.
The discussion also included tax changes included in the tax reconciliation bill referred to as the One Big Beautiful Bill (OBBBA), with a focus on manufacturers and multi-national companies.
