What the “One Big Beautiful Bill” Means for Your Taxes

Dear Clients, Congress just passed major tax legislation — the One Big Beautiful Bill (OBBB) — with changes starting in 2025 and beyond. Here’s what you need to know:  Tax Rates No change to current tax rates: C corps remain at 21% Top individual rate remains 37% AMT adjustments are now permanent  Standard Deduction (2025) Joint filers: $31,500 Single: $15,750 Head…