11/05/2025
Originally posted July 18, 2025 | Updated November 2025
On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (or OB3 Act) into law. This sweeping legislation includes dozens of tax-related provisions aimed at workers, retirees, small businesses, and families.
But many of these changes are temporary, apply only under specific income levels, and depend on final IRS rules still being written. So instead of jumping into the fine print of legislative text, we’ve put together a year-by-year breakdown of what OB3 means for our clients at Northwest Accounting & Tax Service—and what actions you may want to take before the end of the year.
Understand how the One Big Beautiful Bill Act impacts your taxes through 2028, including new deductions for tips, overtime, seniors, families, and more.