2025 Tax Updates: H.R. 1
2025 Tax Changes Update H.R. 1 was signed into law on July 4, and with it comes some changes that will affect the 2025 tax year. Here are some of the things you need to know: What happens next? When legislation is passed and entered into the US Code, the regulatory body (in this case, the Treasury Department/IRS) must process the law and create regulations to give guidance on how to comply. As the IRS does this, there may be more details released, and they’ll be passed along. Please know while this is a general guide, some things may be tweaked or