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2025 House Tax Bill: Insights and Planning Considerations Guide

Jun 09, 2025 · 1 min read

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Key insights

  • On May 22, 2025, the House passed H.R. 1, the “One Big Beautiful Bill Act,” extending key Tax Cuts and Jobs Act (TCJA) provisions.

  • Major impacts include changes to individual deductions, business depreciation, pass-through entity taxes, clean energy credits, and healthcare provisions.

  • CPAs should proactively advise clients, model scenarios, and prepare for potential Senate amendments.

Introduction

On May 22, 2025, the House of Representatives narrowly passed H.R. 1, extending several provisions from the TCJA, aligning new tax policies

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