The One Big Beautiful Bill Act Comparison Guide

PAX GUIDE

The OBBBA Summary Guide

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The One Big Beautiful Bill Act Summary Guide

The OBBBA is a major piece of tax legislation that introduces broad changes across several areas of personal financial planning. From tax deductions and credits to student loan repayment rules, the law impacts a wide range of planning considerations.

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With this summary guide, you can get a high-level overview of many of the key changes and start identifying where they may apply to your clients. It’s designed to simplify a complex law and help advisors and clients navigate new rules with more clarity.

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This guide highlights:

• Expansions to existing tax deductions and credits

• A new category of non-itemized below-the-line deductions

• Adjusted rules across multiple tax planning areas

• Changes to IDR plans for federal student loans

• Adjustments to estate & gift tax exemptions, AMT, and more