Navigating the One Big Beautiful Bill Act With Confidence
The One Big Beautiful Bill Act (OBBBA) represents one of the most significant overhauls to U.S. tax policy in recent years, bringing sweeping changes that will affect both individuals and businesses across all industries. At Dannible & McKee, our tax professionals are closely monitoring these developments to help our clients understand how the new law will impact their financial and operational strategies.
Whether you’re a business owner, executive or individual taxpayer, our goal is simple: to turn legislative change into opportunity through proactive planning and informed decision-making.
Understanding the OBBBA
Enacted to simplify the tax code and stimulate economic growth, the OBBBA introduces a range of new tax provisions, adjustments and phaseouts that will reshape how individuals and businesses plan for the future.
While the details continue to evolve, the Act aims to:
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- Simplify tax compliance and reporting requirements
- Adjust income tax brackets and deductions
- Modify key business credits and incentives
- Enhance opportunities for research, innovation, and domestic investment
Effective Date: January 1, 2026
Key Changes and Implications
For Businesses
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- Adjustments to corporate tax rates and depreciation schedules
- Revisions to deductions for business interest and qualified income
- Expanded or restructured tax credits to encourage domestic investment
- Changes to international tax provisions and repatriation rules
For Individuals
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- New income tax brackets and adjusted standard deductions
- Modifications to capital gains treatment and itemized deductions
- Adjusted thresholds for estate and gift tax exemptions
- Extended or revised child tax and dependent credits
How Dannible & McKee Can Help
The OBBBA’s impact will vary across industries. Our professionals have been analyzing how these changes will specifically affect the industries we serve most, including construction, manufacturing, architecture and engineering, professional services, and more. Our tailored guidance helps clients identify risks and opportunities unique to their sector.
We are helping our clients adapt to the new legislation through forward-thinking tax strategies and personalized planning. Our OBBBA-related services include:
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- Comprehensive tax planning and compliance
- Multi-year scenario modeling
- Credit and incentive optimization
- Entity structure and ownership planning
- Estate and succession planning
Expert Insights from Dannible & McKee
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