The One Big Beautiful Bill Act (2025 Tax Act), signed by President Trump on July 4, 2025, is favorable legislation for the real estate industry.

The OBBBA makes many temporary provisions of the Tax Cuts and Jobs Act of 2017 permanent, which will allow for longer range tax planning.

The One Big Beautiful Bill Act (OBBBA) is a sweeping legislative initiative signed into law by President Trump on July 4, 2025. It focuses heavily on making permanent the tax cuts introduced in the 2017 Tax Cuts and Jobs Act (TCJA) and includes various reforms affecting businesses, individuals, estates, and tax-exempt organizations.

The OBBBA includes significant tax changes impacting individuals, businesses, estates and trusts, and tax-exempt organizations.

On June 4, 2025, the President of the United States, Donald J. Trump, issued a formal proclamation instituting new travel restrictions on the entry of foreign nationals from nineteen specified countries.

The House passed President Trump’s “One, Big, Beautiful Bill” (i.e., the budget reconciliation bill) on May 22, 2025, after raising the SALT cap to $40,000 with a phase out beginning with annual income of $500,000 or more.

As blockchain and cryptocurrency continue the transition from early adopters to mainstream traditional finance, it’s important to consider how IRS might apply traditional subpart F anti-deferral rules.

Internal Revenue Code Secs. 877A and 2801, related to individuals who relinquish U.S. citizenship or long-term permanent residence (green cards), have largely remained unchanged since taking effect in 2008.

The Great Wealth Transfer is already underway, with an estimated $124 trillion expected to shift between generations by 2048, according to Cerulli Associates.