New OBBBA Federal Tax Law Prompts Planning Surge, Complexity for CPAs

New OBBBA Federal Tax Law Prompts Planning Surge, Complexity for CPAs

In the wake of the sweeping One Big Beautiful Bill Act (OBBBA), signed into law just one week prior, accounting professionals are scrambling to understand and apply a raft of new federal tax provisions.

Federal Budget and Tax Law Will Worsen Health and Hardship in Kentucky and Provide More Giveaways to the Wealthy - Kentucky Center for Economic Policy

The passage of Congress’s major budget and tax legislation, titled the One Big Beautiful Bill Act (OBBBA), sets up a frightening future in our commonwealth. The law will take life-sustaining health coverage and food assistance from hundreds of thousands of Kentuckians trying to build better lives for themselves and their families. It will increase hardship, worsen health and weaken our economy. And it does so to pay for just a portion of tax cut…