Abstract
Legislation H.R. 1, P.L. 119-21, better known as the One Big Beautiful Bill Act (OBBBA), was signed into law by President Donald Trump on July 4, 2025. In some respects, this bill is a "Tax Cuts and Jobs Act 2.0" since it extends or permanently renews certain provisions from the original Tax Cuts and Jobs Act (TCJA) that were set to expire at the end of 2025. This article will address some highlights of the OBBBA and give a brief overview of the IRS' first draft of some of the tax forms necessary for the bill's implementation.
| Original language | American English |
|---|---|
| Pages (from-to) | 23-26 |
| Number of pages | 4 |
| Journal | Tennessee CPA Journal |
| Issue number | November/December 2025 |
| State | Published - Nov 2025 |
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