Welcome to the 2025 Federal Tax Update Course. With the passage of the One Big Beautiful Bill Act (H.R. 1 of the 119th Congress), signed on July 4, 2025, the federal tax code has undergone sweeping changes that affect individuals, businesses, and practitioners.

This course is structured into three parts:

1. New Tax Laws – brand-new rules and compliance considerations.
2. Permanent Changes – provisions that will remain in effect beyond 2025.
3. Sunset Provisions – temporary measures set to expire, requiring careful planning.

Examples and illustrations will be provided throughout to show how these changes apply in practice.