The OBBBA, the major tax legislation signed into law in July 2025, introduces sweeping updates to the tax code that can either create meaningful opportunities for savings or unwelcome surprises if left unaddressed.

Matt Foley, CPA, MST, Partner and Co-Managing Director of Tax, breaks down these changes in a recent webinar. Matt’s session helps individuals, business owners, and fiduciaries move toward greater clarity and control over their financial future, while avoiding the pitfalls of inaction or outdated strategies.

Watch the full video here:

What You’ll Gain from Understanding the OBBBA

  • A roadmap for opportunity: Discover how permanent changes to the 2017 Tax Cuts and Jobs Act (TCJA) could impact your bottom line.

  • More ways to save: Learn how updates to QBI deductions, bonus depreciation, and R&D expensing can strengthen both personal and business financial positions.

  • Estate and gift tax insights: Prepare for higher exemption thresholds and new planning windows.

  • Strategic levers: Use Roth conversions, charitable giving, and AGI management to stay ahead of shifting brackets and thresholds.

  • A clearer view of what’s next: Understand the phaseouts, thresholds, and sunset provisions that will shape the next decade of tax policy.

What You’ll Avoid

  • Being caught off guard by new phaseouts or sunset provisions

  • Missing valuable deductions or planning opportunities

  • Overpaying taxes due to outdated income or estate strategies

  • Scrambling at year-end to make sense of new regulations

Why It Matters

The OBBBA represents one of the most consequential tax shifts in recent history. For many, this legislation marks a turning point, a chance to reimagine long-term strategies for tax efficiency, wealth transfer, and business growth.

As Matt Foley emphasized during the webinar, the key is proactive planning. Taking time now to assess how the OBBBA interacts with your personal or business circumstances can help you protect what you’ve built and seize new opportunities for savings.

Questions?

LGA’s tax advisors are here to help you navigate the OBBBA with confidence and align your long-term strategy with your financial goals.