With the passage of the One Big Beautiful Bill (OBBB), below is a summary of notable changes to the tax code for businesses, as well as an outline of notable changes for individuals....more
Introduction The One Big Beautiful Bill Act (Act) establishes a new federal tax credit for individual donations to Scholarship Granting Organizations (SGOs) serving U.S. elementary and secondary school students....more
7/18/2025
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Compliance ,
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Educational Institutions ,
Internal Revenue Code (IRC) ,
One Big Beautiful Bill Act ,
Scholarships ,
State Taxes ,
Tax Credits ,
Tax Legislation ,
Tax Returns
President Trump signed the One Big Beautiful Bill Act (OBBBA) into law on July 4, 2025. The OBBBA will have broad and important consequences for many US taxpayers, including tax exempt organizations and educational...more
7/17/2025
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Educational Institutions ,
Excise Tax ,
New Legislation ,
One Big Beautiful Bill Act ,
Private Schools ,
Students ,
Tax Exempt Entities ,
Tax Legislation ,
Tax Reform ,
Taxation