The One Big Beautiful Bill Explained in 3 Phases
A simple breakdown of how taxes work, what’s changing for individuals, and what it means for businesses.
Before you can understand the One Big Beautiful Bill changes, you need to understand how taxes really work.
Understanding how taxes work is the first step to taking control of your money. This section breaks down where your income goes, how deductions and credits reduce what you owe, and how refunds are calculated. Whether you’re filing as an individual or a business, you’ll learn the basics in simple, easy-to-follow terms.
The One Big Beautiful Bill brings several updates that affect how individuals file taxes. From changes in deductions and credits to new rules for certain income types, these updates can directly impact your refund or balance due. We’ve simplified what you need to know so you can plan ahead and avoid surprises at tax time.
If you own a business, OBBBT introduces new opportunities and challenges. Updated depreciation limits, revised expense deductions, and employee benefit adjustments may all affect your bottom line. Learn how these changes could influence your bookkeeping and tax strategy for the upcoming year.