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Highlight
In this special episode of the Under the Basswood Tree Podcast, recorded during Basswood Counsel’s First Anniversary Event on October 28th, Chris Klug and Gina Lee break down the most significant tax changes introduced under the One Big Beautiful Bill Act—and what these updates mean for individuals, families, and businesses.
News and Insights
Adoption Tax Credit Under the One Big Beautiful Bill Act (OBBBA): A New Era of Support for Families
The OBBBA introduces the most significant upgrade to the Adoption Tax Credit in years, making part of the credit refundable
Miscellaneous Provisions under the OBBBA
New limits on wagering loss deductions and the permanent removal of moving expense deductions under the OBBBA are reshaping key
How the OBBBA Changes Charitable Contributions and Scholarship Tax Benefits
Charitable contribution and scholarship tax rules are evolving under the OBBBA. The latest updates establish permanent deduction limits, universal deductions,
529 Plan Changes in 2025: Expanded Qualified Expenses Under the OBBBA
The One Big Beautiful Bill Act (OBBBA) significantly broadens how families can use 529 education savings plans—covering K–12, homeschooling, and