President Donald Trump’s “One Big Beautiful Bill” Act (OBBBA) is a sweeping package that cements much of the 2017 Tax Cuts and Jobs Act (TCJA) into law. But it also adds new deductions, targeted incentives and temporary perks for specific groups. For investors, retirees and business owners, the legislation offers both opportunities and challenges. Here are the five most important takeaways.

The OBBBA keeps the marginal rates at 10%, 12%, 22%, 24%, 32%, 35% and 37%, all indexed for inflation. Before this law, those rates were set to expire at the end of 2025, reverting to pre-TCJA levels.

For investors, this stability can be a green light for long-term strategies like Roth IRA conversions, capital gains harvesting and structured charitable giving. While “permanent” in Washington is never

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