Tag: OBBBA

One Big Beautiful Bill Act (OBBBA): What Taxpayers Need to Know for 2025

Posted on , by Victoria Chuidian

The recently signed One Big Beautiful Bill Act (OBBBA) introduces sweeping tax changes that will impact both individuals and businesses beginning in 2025. From automatic filing extensions for Los Angeles County residents to a temporary increase in State and Local Tax (SALT) deductions, taxpayers need to understand how these updates may affect their 2024 and […]

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What the One Big Beautiful Bill Act (OBBBA) Means for 2025 Taxpayers – Especially in Los Angeles County

Posted on , by Victoria Chuidian

With the recent passage of the One Big Beautiful Bill Act (OBBBA), significant tax changes are now in motion. While many of these provisions phase in over several years, there are immediate implications for 2024 and 2025 tax filing that individuals, businesses, and particularly Los Angeles County residents need to know. Here’s a breakdown of […]

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