With each new presidential administration comes new priorities, and the second Donald Trump regime has proven no different. 

With the nearly 900-page One Big Beautiful Bill Act, a comprehensive package of tax cuts and fiscal policy changes, the new president put his stamp on significant modifications to individual, estate and business tax provisions (among other things, like no taxes on tips and overtime and work requirements for SNAP food benefits).

Passed on July 4, the bill increased tax transfer exemptions and SALT (state and local tax) deductions, locked in tax rates set by the 2017 Tax Cuts and Jobs Act, expanded qualified small business stock election benefits, preserved the 20% qualified business income deduction, created Trump accounts and more. 

Throughout the year, we published articles detailing many of these changes and their implications for estate planners and financial advisors. Here are the highlights of our coverage.