HSA

President Trump signed into law tax legislation known as the ‘One Big Beautiful Bill Act’ on July 4th.

Congress passed the tax bill known as the One Big Beautiful Bill Act (OBBBA) on July 3, 2025.

The Senate has passed by a vote of 51-50 its version of the tax reconciliation bill. 

The Senate Finance committee released bill text for inclusion in the Senate’s version of the budget reconciliation bill yesterday. 

The House of Representatives has passed their version of the reconciliation tax bill—H.R. 1, the One Big Beautiful Bill Act—by a vote of 215-214. 

The House Committee on Ways and Means has approved their tax package out of committee by a party line vote of 26-19 following a markup hearing. 

The Federal Emergency Management Agency issued a Major Disaster Declaration on May 8, 2025, for Arkansas severe storms and tornadoes. 

The House Committee on Ways and Means has released draft text of a budget bill and a section by section summary ahead of a full committee markup of the bill scheduled today. 

The IRS has announced the postponement of certain tax-related deadlines for victims of Tennessee severe storms, straight-line winds, tornadoes and flooding until November 3, 2025. 

The IRS has announced the postponement of certain tax-related deadlines for victims of Arkansas storms until November 3, 2025.