Income Taxes Articles

Taxation & Representation: Tax Breaks, Tip Deductions & Overtime: What Family Owned Businesses Must Know

Speaker Johnson Kicks Off Discussions for Reconciliation 2.0: House Republicans are laying the groundwork for a second reconciliation bill this fall that aims in part to revive key provisions excluded from the One, Big, Beautiful Bill Act (OBBBA, Public Law 119-21)...

Taxation & Representation: Passthrough Deduction May Rise – What It Means for Your Family Owned Business

Passthrough Deduction Eyed for Bigger Boost in Future Bill: House Republicans are weighing the possibility of a second major tax package following the recent enactment of their One, Big, Beautiful Bill Act (OBBBA, Public Law 119-21), which extends key provisions of...

Constant, Consistent Education with Congress Pays Off in ‘OBBB’ for Family-owned Businesses, Family Offices

Constant, Consistent Education with Congress Pays Off in ‘One Big Beautiful Bill’ for Family-owned Businesses, Family Offices   Working with Congress on the critical tax and economic policies affecting family-owned businesses, family offices, and successful...

The One, Big, Beautiful Bill Act – Summary and Analysis

On July 3, the House adopted the Senate substitute to H.R. 1, the One, Big, Beautiful Bill Act (OBBBA) by a vote of 218-214. The bill was signed into law on July 4, 2025.   To read a breakdown of the full bill, please click here. About Brownstein Hyatt Farber...