On July 4, President Donald Trump signed into law the One Big Beautiful Bill Act (H.R. 1) (OBBBA). While OBBBA contains various provisions that impact high-net-worth individuals, this alert focuses on OBBBA provisions...more
7/17/2025
/ Adjusted Gross Income ,
CARES Act ,
Charitable Donations ,
Charitable Organizations ,
Itemized Deductions ,
Legislative Agendas ,
Nonprofits ,
One Big Beautiful Bill Act ,
Public Charities ,
Tax Deductions ,
Tax Legislation ,
Tax Planning ,
Tax Returns ,
Trump Administration
Last week, President Donald Trump signed into law the One Big Beautiful Bill Act (OBBBA). At nearly 900 pages in length, OBBBA’s size lives up to its name by enacting sweeping changes to estate and gift taxes, income taxes,...more
7/15/2025
/ Estate Planning ,
Estate Tax ,
Exemptions ,
Gift Tax ,
High Net-Worth ,
New Legislation ,
One Big Beautiful Bill Act ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Exemptions ,
Tax Planning ,
Tax Reform ,
Trump Administration ,
Trusts