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U.S. Fiscal Overhaul: The Impact of the One Big Beautiful Bill Act on Tax Strategy

U.S. Fiscal Overhaul: The Impact of the One Big Beautiful Bill Act on Tax Strategy

Author:

Global Cryptocurrency

Published:

2026-01-06 11:31:01

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BTCCSquare news:

The One Big Beautiful Bill Act (OBBBA), enacted on July 4, 2025, marks a seismic shift in U.S. tax policy. Public Law 119-21 introduces targeted 'above-the-line' deductions while cementing key provisions of the 2017 Tax Cuts and Jobs Act. The legislation prioritizes liquidity for workers, particularly tipped employees and overtime earners, and boosts domestic production through auto loan interest write-offs.

With a projected decade-long cost of $3.4 trillion to $4 trillion, including debt service, the OBBBA represents a fiscal transformation. Tax professionals must now navigate both these high-profile changes and overlooked niche provisions lurking in the tax code's periphery.

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