An Overview of the New Law On July 4th, 2025, the President signed into law the One Big Beautiful Bill Act, commonly referred to as BBB. This legislation introduces several changes, particularly concerning individual deductions for overtime. In this week’s newsletter, I will discuss some of the more troubling areas I am hearing about. The law is encapsulated in the new Code Section 225 , and it is essential to begin our discussion by quoting the opening section of the new law