The recent Congressional enactment of PL 119-21 in July 2025 has provided new stability for our Federal tax laws. Tax planning has been in an unwelcome state of flux since the adoption of the Jobs and Tax Cut Act of 2017. Taxpayers and professional advisors alike were vexed by the uncertainty of the TCJA’s proposed “sunset” for estate tax exemption amounts, income tax brackets, and other important tax provisions affecting individuals, trusts, estates, and businesses. The new Act provides stability to the TCJA’s terms by making permanent to TCJA’s income tax brackets, stabilizing the estate tax exemption provisions, and making… read more »
Posts Tagged ‘OBBB Act’
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