Now Available: The Definitive Course on the One Big Beautiful Bill Act Tax Provisions
WebCE Staff
By
October 8, 2025
The One Big Beautiful Bill Act (Act) passed July 4, 2025, and introduced sweeping changes to U.S. tax policy that build on and expand many provisions of the 2017 Tax Cuts and Jobs Act, reshaping things for years to come.
For tax and finance professionals, understanding the full scope of this legislation is essential to delivering accurate guidance and helping clients adapt to a reshaped tax landscape.
Introducing The One Big Beautiful Bill Act Tax Provisions Course
To help tax professionals stay ahead of these extensive changes, WebCE has launched a new course, The One Big Beautiful Bill Act Tax Provisions, which explores every provision of the new law, from those already in effect to changes scheduled into the next decade.
Designed for CPAs, EAs, CMAs, CFEs, CRTPs, CFPs, and other tax and finance professionals, this course delivers the knowledge needed to remain compliant, competitive, and prepared for the new era of tax policy.
This course offers practical, actionable knowledge in key areas, including:
New individual tax changes, including the now permanent standard deductions, increased child tax credits, and revised casualty loss limits
Major business-related updates, from revised business interest deduction rules to third-party transaction reporting requirements
Special provisions, such as ABLE account modifications, and new senior, tip, and overtime deductions
The One Big Beautiful Bill Act Tax Provisions course is available now on the following WebCE catalogs: CPA CPE, EA CPE, CFE CPE, CMA CPE and Tax CE.
Key One Big Beautiful Bill Act Tax Changes Effective in 2025
The One Big Beautiful Bill Act builds upon many of the provisions of the 2017 Tax Cuts & Jobs Act (TCJA), making several of them permanent while introducing new policies that impact individuals, families, and businesses. Below are some of the most consequential changes taking effect this year.
Standard Deduction Increased and Made Permanent
The Act locks in the expanded standard deduction amounts first introduced under the TCJA but scheduled to expire after 2025.
Increased standard deductions for 2025 are:
$31,500 for married couples whose filing status is “married filing jointly” and surviving spouses
$15,750 for singles and married couples whose filing status is “married filing separately”
$23,625 for taxpayers whose filing status is “head of household”
For dependents, the deduction is the greater of $1,350* or the dependent’s earned income plus $450* (not to exceed the standard deduction amount, which is generally $15,750). (*Subject to inflation.)
SALT Deduction Temporarily Increased
The deduction for state and local taxes (SALT) has been temporarily increased from $10,000 to $40,000 in 2025. The cap will increase to $40,400 in 2026 and will continue to grow by 1% annually through 2029 before reverting to $10,000 in 2030. This temporary relief provides considerable planning opportunities, but only for a limited time.
Child Tax Credit Increased
The Child Tax Credit (CTC) rises from $2,000 to $2,200 per qualifying child. While the $2,200 credit is primarily nonrefundable, a portion of it, known as the Additional Child Tax Credit (ACTC), remains refundable up to $1,700 per child for 2025. This distinction is crucial for clients with lower tax liabilities.
Tax on Tips and Overtime Reduced
New tax deductions for qualified tips go into effect for tax years beginning after December 31, 2024. The overtime deduction applies from 2025 through 2028 and is capped at $12,500 for single filers and $25,000 for married couples filing jointly. Importantly, the deduction is only for the ‘premium’ portion of overtime pay (the ‘half’ in ‘time-and-a-half') that is required under the Fair Labor Standards Act, not all overtime earnings.
Electric Vehicle Tax Credits Eliminated
Non-refundable tax credits for purchasing a clean vehicle are eliminated for vehicles acquired after September 30, 2025.
These changes represent only a fraction of the Act’s impact. The full legislation includes revisions to business taxation, estate and gift tax rules, and a host of deductions and credits that will unfold over the next several years.
What These Changes Mean for Your Clients
Understanding what the One Big Beautiful Bill Act changes is only half the challenge. Knowing how those changes will shape your clients’ decisions and strategies is where your expertise becomes indispensable. This course is designed not only to explain the law, but help you anticipate its real-world consequences for individuals, families, and businesses.
The Act reshapes how Americans earn, save, invest, and plan. With many provisions already in effect and others phasing in or sunsetting over the next few years, proactive planning is more important than ever.
Here’s how some of the biggest changes could affect the people and businesses you serve.
New Planning Strategies and Shifts in Tax Liability
Permanent changes to individual tax brackets and the standard deduction, along with revised deduction and credit rules, will alter tax liabilities for millions of Americans. Many taxpayers will need to revisit their planning strategies to avoid surprises.
Families and individuals may need updated withholding and estimated tax payments
High earners and business owners may require new income-shifting or deferral strategies
Retirement and estate plans may need revision as thresholds, exclusions, and credit limits shift
Loss and Emergence of Key Credits and Deductions
Popular incentives like the clean vehicle tax credit and certain home energy credits have been curtailed or simply eliminated. Clients who relied on these benefits could face higher costs, but new opportunities have emerged elsewhere.
Clients purchasing EVs or making energy-efficient upgrades should be advised of new eligibility rules and phase-out dates
New and expanded incentives around small business investment, research and development, and workforce training may provide planning opportunities for eligible clients
Business Structures and Entity Choices Under New Rules
Revisions to pass-through taxation, depreciation, and fringe-benefit treatment could significantly impact small businesses and self-employed clients. These changes may make a once-optimal structure less tax-efficient under the new law.
S corps, partnerships, and sole proprietors could face different effective tax rates under revised pass-through provisions.
Expanded bonus depreciation and Section 179 expensing rules may influence investment timing and entity selection.
Changes to deductions and benefits could affect net income, cash flow, and future planning decisions.
Estate, Gift, and Wealth Transfer Strategies Reconsidered
The Act raises the unified estate and gift tax exemption to $15 million per person starting in 2026 (indexed for inflation) and revises valuation and trust taxation rules. These shifts may dramatically reshape wealth-transfer strategies.
High-net-worth clients may wish to accelerate gifts or update trust structures to maximize exemptions.
Even moderate-wealth families who previously faced no estate tax exposure may now need to revisit their plans.
State-level estate tax exposure may also change, requiring coordination across federal and state planning.
Multi-Year Planning is Now Essential
With provisions phasing in and out between 2025 and 2029 — and some changes retroactive to January 1, 2025 — careful timing is more critical than ever. Reactive planning during tax season won’t be enough.
Annual planning conversations should become standard practice to keep clients aligned with evolving rules.
Multi-year strategies around income timing, capital gains realization, and retirement contributions will be key to minimizing liability and maximizing benefits.
Clients risk missing valuable opportunities or facing unexpected liabilities if they delay decisions until filing time.
Understanding the Act in depth safeguards your clients from costly surprises, helps them capitalize on new opportunities, and positions you as the expert they trust to guide them.
The Definitive Course on the One Big Beautiful Bill Act Tax Provisions
This overview covers the key provisions of the One Big Beautiful Bill Act, but mastering its full impact requires a deeper dive. Your clients will depend on your expertise to navigate the nuances of new deductions, business incentives, and shifting compliance requirements.
To bridge the gap between information and implementation, we have developed The One Big Beautiful Bill Act Tax Provisions course. This comprehensive training is designed for the practicing professional, delivering the in-depth knowledge needed to advise clients with precision and confidence.
The 2025 tax season will be here before you know it. Position yourself as the expert your clients trust to guide them through the most significant tax overhaul in years.
Enroll in the One Big Beautiful Bill Act Tax Provisions course today.