Insights

An Employer’s Guide to Key Compensation and Benefits Provisions in the One Big Beautiful Bill Act

On July 4, 2025, President Trump signed into law the “One Big Beautiful Bill Act” (the Act), a tax and spending package.  Employers are advised to take note of certain provisions of the Act related to employee benefits and compensation matters, which are summarized below.  Most of the employee benefits-related changes will be effective January 1, 2026, except as otherwise noted below.